It has been used in four sessions so far as Tuesday was a bank holiday. “The switch to Nasdaq is a welcome development… and it has increased the speed of executing trades,” one dealer told Reuters. Dealers can use the Nasdaq to trade cash, equities, bonds, exchange traded funds (ETFs) and, starting next year, derivatives, Ade Bajomo, the exchange’s executive director of market operations and technology, said in a statement on Friday. Dealers said the Nasdaq technology also makes it easier to monitor several markets at once on the same screen, such as equities, debt and ETFs, which it could not before. “The new system needs a bit of getting used to…
Given that many young companies list on Nasdaq, it’s to be expected that the index morphs considerably over time. And lately, new entrants have been major contributors to gains. Social media companies, including Facebook and LinkedIn, have generated massive gains recently, rising 89% and 117% this year respectively. Another online-product and store-review site, Yelp, is up 274% this year. Given that the entire market has rallied so strongly since 2009, it’s to be expected that riskier, smaller companies would post larger gains, Winans says.
Farmer Bros. Co. Receives NASDAQ Notification Letter
The exchange boss was apparently armed with stats about how listing with Nasdaq would keep Twitter among its peer group and how much better for the tech company Nasdaqs services would be compared to the rival New York Stock Exchange. Twitter execs, including CFO Mike Gupta, have made it clear they are leading toward a Big Board listing in part because of the embarrassing stumble Facebook had coming out of the gate during its May 2012 Nasdaq IPO, Wall Street insiders and people close to Twitter have said. Greifeld has described his chances at being successful in courting Twitter as an uphill battle, sources said. However, the hard-charging exchange operator believes that he still has a fighting chance to score the social media blogging despite the general view that NYSE has a leg up on winning the Twitter tweetstakes. Exchanges often offer co-branding/marketing opportunities to their listing clients such as allowing them to ring the opening bell at their exchanges.
Photo Release — NASDAQ Welcomes Potbelly Corporation (NASDAQ: PBPB) to The NASDAQ Stock Market
Restaurant chain Noodles & Co.’s stock also more than doubled in its June debut. Potbelly Corp. priced its initial public offering of 7.5 million shares at $14 per share, above the projected range of $12 to $13 each. Potbelly is selling about 7.3 million shares, while certain stockholders are selling 150,131 shares.
The Nasdaq’s 5 Most Hated Stocks
Certain risks and uncertainties related to the Company’s business are or will be described in greater detail in the Company’s filings with the SEC. Owing to the uncertainties inherent in forward-looking statements, actual results could differ materially from those set forth in forward-looking statements. The Company intends these forward-looking statements to speak only at the time of this press release and does not undertake to update or revise these statements as more information becomes available except as required under federal securities laws and the rules and regulations of the SEC. About Farmer Bros. Co.
Nasdaq’s Greifeld pitches Twitter for listing
“We are pleased to welcome Potbelly Corporation to the NASDAQ OMX family, and we are looking forward to celebrating many milestones with the company and its shareholders,” said Nelson Griggs, Senior Vice President, Corporate Client Group, NASDAQ OMX. Since its inception, NASDAQ OMX has been the exchange of choice for restaurant groups, listing 66 percent of http://www.todayhotstocks.com/ public restaurant companies on U.S. exchanges. Potbelly Corporation joins other leading restaurant groups in recently listing on The NASDAQ Stock Market including, Noodles & Company [NDLS], Bloomin’ Brands [BLMN] and Del Frisco’s Restaurant Group [DFRG]. About NASDAQ OMX Group: The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade – from risk management to trade to surveillance to clearing.
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