NYSE Mulls Earlier Open
The Big Board looks to compete with European trading hours.
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.
