Banking, finance, and taxes

NASDAQ Expands Alliance for Private Placements (NDAQ)

The NASDAQ Stock Market (NASDAQ:NDAQ) has secured a deal which will expand "The PORTAL" to include a trading standardization for trading private placements under rule 144a.

The founding members of The PORTAL Alliance are Bank of America, Bear Stearns, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, NASDAQ, UBS and Wachovia Securities.

While the collaboration is subject to execution of a definitive agreement and subject to regulatory approval, this would seem to be a done deal.  This will allow qualified institutional buyers to buy and sell these 144a private placement securities in shorter-time periods instead of what is often a 3-month to two-year holding period.

Jon C. Ogg
November 12, 2007

Want to Retire Early? Start Here (Sponsor)

Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

 

Have questions about retirement or personal finance? Email us at [email protected]!

By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.

By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.