American Financial Group Dual Lists On The Nasdaq Stock Market

The Nasdaq Stock Market, Inc. ("NASDAQ;" OTCBB: NDAQ) today announced that American Financial Group (NYSE: AFG) has been approved to dually list on NASDAQ.  AFG is the seventh New York Stock Exchange company that has announced its intention to dually list on NASDAQ.  American Financial Group will trade on NASDAQ under its NYSE three-letter symbol (AFG), effective immediately.

“We are pleased with the recognition and momentum around our dual listing program, which has increased awareness around the importance of delivering high quality markets to shareholders. NASDAQ is delighted to welcome AFG, an industry leader in the insurance sector, to join our market,” said Bob Greifeld, president and chief executive officer of The NASDAQ Stock Market. 

“AFG's decision to dually list on NASDAQ underscores the core elements of an electronic market model that offers more than 250 market makers and the benefits of competition: increased visibility and greater access to attainable prices within a highly liquid, transparent, and efficient, single trading platform,” added Mr. Greifeld.  

“We are pleased to be able to enjoy the benefits of dual listing on two such prestigious stock markets,” said Carl H. Lindner, AFG Chairman and Chief Executive Officer. “We believe dual listing on NASDAQ will benefit our shareholders by providing them with a meaningful choice in trading execution.”

Companies wishing to dual list on NASDAQ must meet National Market listing standards.  Firms listing on NASDAQ as well as the NYSE will trade under the same three-letter symbol on both markets. AFG has met NASDAQ's listing criteria standards and listing qualifications and has been approved for listing on our market.  Firms listing on NASDAQ as well as the NYSE will trade under the same three-letter symbol on both markets.  

NASDAQ is the largest U.S. electronic stock market. With approximately 3,300 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to category-defining companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks. Approximately 54% of NASDAQ-listed shares traded are reported to NASDAQ systems. For more information about NASDAQ, visit the NASDAQ Web site at www.NASDAQ.com or the NASDAQ Newsroom^SM at www.NASDAQnews.com.