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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Joe Copia who wrote (25262)6/26/2003 1:33:09 PM
From: Joe Copia  Read Replies (1) of 25711
 
NASDAQ's new management, led by President and CEO Robert Greifeld, has recently concluded a strategic review of its business initiatives. As a result of that review, NASDAQ has announced that it will focus solely on products and services that contribute to its mission to be the best stock market in the world for investors.

After careful consideration and effective immediately, NASDAQ will discontinue its efforts to launch the BBX.
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Additional initiatives NASDAQ plans to discontinue include:

NASDAQ Europe Shareholders of NASDAQ Europe voted to discontinue operation of the market. As a result of the decision, an orderly wind down of market operations will take place.

NQLX NQLX is a joint venture with the London International Financial Futures Exchange (LIFFE) to create a market for single stock futures and other futures products.

Liquidity Tracker Liquidity Tracker is an automated order routing system designed to allow traders to direct orders to specific market makers based on recent trading activity.

NASDAQ Tools NASDAQ Tools is an order management system for order routing and quote management.

We understand that the decision to discontinue the BBX may be disappointing, but the existing Over The Counter Bulletin Board (OTCBB) will continue its current operations that provide a quotation facility for companies that are current in their Securities and Exchange Commission (SEC) filings.

If you have questions, please call the BBX toll-free line, 877.BBX.LIST (877.229.5478) or email bbxinfo@thebbx.com.
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