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failure and loss. Rid yourself of this free-floating uncertainty. In western society our culture applauds success. In eastern philosophies, the nobleness of defeat against overwhelming odds is epic. Don't be afraid of failing. The worst that can happen is that you start all over again with better ideas and greater experience. |
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There is no failure greater than not trying to succeed. |
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Nasdaq International Trading |
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Nasdaq trading has already become international to a limited extent. Nasdaq has a subsidiary called Nasdaq International Ltd., which is headquartered in London. Its mission is to support NASD members in London, serve as a liaison to international companies seeking to list securities on Nasdaq, encourage foreign institutional participation in Nasdaq stocks, and heighten the international image of the NASD and its markets. |
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Nasdaq also offers an international service that was designed to give Nasdaq an international cachet and worldwide flair. Nasdaq's international service was proposed as an extension to the Nasdaq stock market's trading systems to allow early morning trading from 3:30 a.m. to 9:00 a.m. Eastern Standard Time on each U.S. trading day. This Nasdaq service is designed to enable participants to monitor trades during London market hours. NASD members are eligible to participate in this session through their U.S. trading facilities or through those of an approved U.K. affiliate. |
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To date this service has proved to be a total economic bust. When the NASD inaugurated its international service, it flooded the news services with news releases and image advertising flaunting its newly acquired worldwide status. From that point forward, there has been almost no volume of international trade. In fact, almost every morning the Nasdaq system issues a short announcement to the effect that no international trades occurred during the previous night. |
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