E*TRADE FINANCIAL is to list its common stock on the NASDAQ Global Select Market under the symbol ETFC. The Company will also list certain mandatory convertible notes known as Equity Units on NASDAQ under the symbol ETFCP.
“We are pleased to join NASDAQ, a true innovator whose value proposition parallels our own, leveraging technology to provide customers with low fees, superior service and fair, efficient and transparent market access and execution,” says Mitchell H. Caplan, the Chief Executive Officer of the E*TRADE FINANCIAL Corporation.
“NASDAQ, E*TRADE FINANCIAL, and the companies that list with us share a desire to move beyond old ways of doing business and lead through innovation,” adds Bob Greifeld, the President and Chief Executive Officer of The Nasdaq Stock Market, Inc. “We are proud that E*TRADE FINANCIAL, a pioneer in online financial services, has chosen to list on NASDAQ. We welcome them to our family of 3,200 companies.”
E*TRADE FINANCIAL plans to cease trading on the New York Stock Exchange and elsewhere under its NYSE symbol ET effective with the market close on 26 December 2006. The Company’s stock will begin trading on the NASDAQ Global Select Market under the new symbol ETFC at market open 27 December 2006. Similarly, the Company plans to cease trading of the Equity Units under its NYSE symbol ET Pr effective with the market close on 26 December 2006 and to begin trading on the NASDAQ Global Market under the symbol ETFCP at the market open 27 December 2006.