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Today, NYSE Group, Inc. (NYSE: NYX) welcomed its eleventh transfer from Nasdaq year-to-date, when Red Hat, Inc., the world's leading open source and Linux provider, joined the world’s largest equities market. Red Hat will begin trading today on the NYSE’s Hybrid Market platform under the ticker symbol “RHT .”
To celebrate this special occasion, Red Hat, Inc. Chairman & CEO Matthew J. Szulik rang today’s Opening Bell.
“We welcome Red Hat, Inc. to our family of listed companies,” said NYSE Group, Inc. CEO John A. Thain. “Red Hat is a great brand, innovator and leading global technology enterprise, redefining its industry and providing exceptional value to its customers worldwide. We look forward to an outstanding partnership with Red Hat and to providing the highest levels of service and market quality to the company and its shareholders."
"Red Hat is pleased to join industry leading, global companies as a member of the NYSE," said Matthew Szulik, Chairman and CEO of Red Hat. "Today is a great day for our shareholders, our employees and for the future of open source technology."
Red Hat, Inc. (NYSE: RHT) marks the 19th transfer year-to-date from other markets to the NYSE Group, Inc. With a market capitalization of over $3 billion, Red Hat, Inc. brings the total market capitalization of transfers from other markets to NYSE Group to $45.8 billion this year.
Since 2000, 146 companies have transferred to the New York Stock Exchange from Nasdaq.
As it migrates from mainframe technology to distributed platforms, NYSE Group, Inc. is using open source technology supported by Red Hat, Inc.
About Red Hat, Inc.
Red Hat, the world's leading open source and Linux provider, is headquartered in Raleigh , NC with satellite offices spanning the globe. CIOs and other senior-level IT executives have ranked Red Hat as the industry's most valued vendor for two consecutive years in the CIO Insight Magazine Vendor Value study. Red Hat is leading Linux and open source solutions into the mainstream by making high quality, low cost technology accessible. Red Hat provides operating system software along with applications, management, and middleware solutions, including JBoss Enterprise Middleware Suite (JEMS). Red Hat is accelerating the shift to service-oriented architectures (SOA) and enabling the next generation of web-enabled applications running on a low-cost, secure open source platform. Red Hat also offers support, training and consulting services to its customers worldwide and through top-tier partnerships. Red Hat's open source strategy offers customers a long term plan for building infrastructures that are based on and leverage open source technologies with focus on security and ease of management.
About NYSE Group, Inc.
NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange (the “NYSE”) and NYSE Arca, Inc. (formerly known as the Archipelago Exchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. In the third quarter of 2006, on an average trading day, 2.2 billion shares, valued at $80.1 billion, were traded on the exchanges of the NYSE Group.
The NYSE is the world’s largest and most liquid cash equities exchange. The NYSE provides a reliable, orderly, liquid and efficient marketplace where investors buy and sell listed companies’ common stock and other securities. On September 30, 2006 , the operating companies listed on the NYSE represented a total global market capitalization of $23.0 trillion.
NYSE Arca operates NYSE Arca, Inc., the first open, all-electronic stock exchange in the United States , and has a leading position in trading exchange-traded funds and exchange-listed securities. NYSE Arca, Inc. is also an exchange for trading equity options. NYSE Arca’s trading platforms provide customers with fast electronic execution and open, direct and anonymous market access.
NYSE Regulation, an independent not-for-profit subsidiary, regulates member organizations through the enforcement of marketplace rules and federal securities laws. NYSE Regulation also ensures that companies listed on the NYSE and NYSE Arca meet their financial and corporate governance listing standards.
For more information on NYSE Group, go to: www.nyse.com.
