Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: LPS5 who wrote (8192)	5/8/2000 11:04:00 PM
From: TFF	Respond to of 12617

Nasdaq Japan to Start Trading June 19 as 8 Firms Apply to List Tokyo, May 9 (Bloomberg) -- Nasdaq Japan Inc. said it plans to open its new stock market, initially operated by the Osaka Securities Exchange, on June 19 with trading of shares in as many as eight Japanese companies. Nasdaq Japan said it received applications from XNET Corp., Creek & River Co. Ltd., Sugi Pharmacy Co., Digital Design Co. Ltd. -- all privately held companies. The new exchange said Digicube Co. Ltd., Don Quijote Co. Ltd., Honda Verno Tokai Co. Ltd. and Masternet Co. Ltd., which have shares traded on other Japanese stock markets, also applied. Morningstar Japan K.K. applied to join the market for a trading start of June 23, Nasdaq Japan said. The opening of Nasdaq Japan, a joint venture between Softbank Corp. and the U.S. National Association of Securities Dealers Inc., will be the first overseas market operated by Nasdaq. It will be closely watched ahead of Nasdaq's plans to form several other new markets in Asia and Europe. In Japan, the opening follows the start of the `Mothers' market for venture companies set up by the Tokyo Stock Exchange last year, a competitor to Nasdaq for startups looking to go public. The Japanese version of Nasdaq's electronic, dealer-run stock market plans to use disclosure standards more strict than other new exchanges as well as management advice to attract businesses just going public and stocks already traded on other exchanges, Kazuhiro Koike, Nasdaq Japan director of business strategy, has said. The Osaka Securities Exchange said it will open a Tokyo office June 1. The Osaka exchange will provide Nasdaq Japan with clearance and settlement services, market surveillance and review of listing applications. Nasdaq Japan plans to transfer operations to its own new trading system in 2001. The new system will use both the market- making system employed by the U.S. Nasdaq Stock Market and an auction-based method of matching buyers and sellers.