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E*TRADE FINANCIAL today announced that it will 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,” said Mitchell H. Caplan, Chief Executive Officer, 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. 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,” said Bob Greifeld, President and Chief Executive Officer of The Nasdaq Stock Market, Inc.
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 Tuesday, December 26, 2006. The Company’s stock will begin trading on the NASDAQ Global Select Market under the new symbol ETFC at market open Wednesday, December 27, 2006. Similarly, the Company plans to cease trading of the Equity Units under its NYSE symbol ET Pr effective with the market close on Tuesday, December 26, 2006 and to begin trading on the NASDAQ Global Market under the symbol ETFCP at the market open Wednesday, December 27, 2006.
