Nasdaq proposes exclusive exchange trading for illiquid stocks

Nasdaq Inc (NDAQ.O) asked regulators on Wednesday to allow issuers of thinly-traded stocks listed on its exchange to trade almost exclusively on Nasdaq, as part of a broader plan to boost trading in small- and mid-sized companies. There are 13 U.S. stock exchanges, with at least two more preparing to launch, and a company’s shares can be traded on any of them, regardless of whether they are listed on the Intercontinental Exchange Inc’s (ICE.N) New York Stock Exchange, or Nasdaq. The U.S. Securities and Exchange Commission asked the exchanges in October to bring it proposals aimed at making thinly-traded securities, which Nasdaq defined as trading less than 100,000 shares a day, on average, for six consecutive months, easier to trade.

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