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New York Stock Exchange: United States
built 628 days ago
Since becoming the state’s 63rd Attorney General on January 1, 1999, Eliot Spitzer has advanced initiatives to make New York a national leader in investor protection, environmental stewardship, labor rights, personal privacy, public safety and criminal law enforcement. Spitzer’s investigations of conflicts of interest on Wall Street have been the catalyst for dramatic reform in the nation’s financial services industry. His prosecutions of sophisticated white collar crimes have resulted in some of the nation’s largest fraud recoveries. Spitzer brings considerable experience to the office. He was a clerk to US District Court Judge Robert W. Sweet; an associate at Paul Weiss, Rifkind, Wharton, and Garrison; and Assistant District Attorney in Manhattan from 1986-1992. He ... worked at the NY law firm of Skadden, Arps, Slate, Meagher and Flom, and was a partner at Constantine & Partners.
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Drastic changes at the venerable institution — best known for its human-touch, auction-style stock trading — are necessary if the NYSE is to survive in a cut-throat trading world increasingly dominated by computers. "This is an historic day for the Exchange, our customers, and investors," CEO John Thain said in a statement Tuesday. "This merger transforms and modernizes the NYSE with a growth strategy for the future."
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Over 80 percent of American securities are traded on the NYSE, the oldest and largest of all United States stock exchanges. In 1991, over 10,000 institutions managing $3.5 trillion in securities had access to and used the NYSE market.
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In connection with its application to list on the NYSE, Thompson Creek filed a registration statement on Form 40-F with the U.S. Securities and Exchange Commission (SEC). The company's 40-F filing is available at www.sec.gov.
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United States Steel Corporation does not believe that withdrawing its listing from NYSE Arca, Inc. will have any impact on the liquidity of its stock. NYSE Arca, Inc. will continue to trade United States Steel Corporation stock on an unlisted trading privilege basis.
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