E*Trade results overshadowed by Nasdaq desertion

NEWS However, the announcement was overshadowed by news that the company is leaving its listing on Nasdaq in favour of the New York Stock Exchange (NYSE). The company was unavailable to comment on the reasons for the move, but released a statement from Christos M. Cotsakos, CEO of E*Trade. He said: "The NYSE's global focus provides E*Trade the opportunity to widen its potential investor base by significantly increasing its visibility in both domestic and international markets. As we move to the world's most prestigious stock exchange we are aligning ourselves with the top financial services companies around the world." Etrade's announcement may have backfired as the company publicised the move before it notified the SEC By Rod Amis