NYSE Mulls Earlier Open

The Big Board looks to compete with European trading hours.
Author:
Publish date:

The New York Stock Exchange is considering an earlier open in an attempt to capture trading volume from European exchanges, according to a report from the online edition of the Financial Times.

Catherine Kinney, NYSE president and co-chief operating officer, told

FT.com

the move is among a number of possibilities being explored by the exchange to diversify revenue streams.

The Big Board also is examining ways to become a secondary market for trading European-listed stocks rather than just their American Depositary Receipts. In addition, Kinney said the NYSE wanted to boost its exchange-traded funds business and had applied to the

Securities and Exchange Commission

to expand corporate bond trading, according to the Web site.