September 27th 2007
European companies are ditching the NYSE
I found this article from 9/23 in USA Today that is worth a read. Big foreign firms bid adieu to U.S. markets
According to USATODAY:
Already this year, 34 foreign companies have delisted from the New York Stock Exchange, and nine more have announced they plan to do so, says the exchange. That tops the 21 foreign companies that have joined the NYSE this year. Another 20 have said this year they plan to leave the Nasdaq or have done so already…”There are companies lining up to exit U.S. capital markets,”
Ouch! Less trading opportunities for you and I. Anyone trade on the Euronext? I’d be eager to see what the fills are like. Quite honestly with 10K+ in stocks to trade in the US, I probably will still be able to find trades.
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3 Comments »
Link Love Friday | A Trade A Day on 28 Sep 2007 at 5:02 am #
[...] more trading floors. I’m sure in no way is this related to the USA Today article about how European firms are ditching the NYSE. I’m sure the big board has a lot of life left in it. Eventually it will go completely [...]
Bluedog on 30 Sep 2007 at 3:17 pm #
NYSE-EURONEXT are the same entity (Apr. 2007 merger). One day, we will be able to trade for 21 hours consecutively on NYX, the world’s first transatlantic exchange. No other exchange in the world can match NYX for liquidity.
Jonathan on 30 Sep 2007 at 4:10 pm #
Hi Bluedog! Sounds good to me. I’d trade 24 hours if I could.