Nasdaq Gets Nod For Listings Market

Nasdaq OMXhas obtained regulatory approval to launch a new listings market. The new listings business,BX Venture Market, will allow lower-priced and riskier stocks to trade on its electronic trading platform.

The new market will give companies, which would not otherwise qualify for an exchange listing, a more regulated alternative than the over-the-counter market. The companies listed on the BX Venture Market will be traded onNasdaq’sINETtrading platform. The market may be launched by the end of 2011.

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