Infosys Decided Shifting Its American Shares From Nasdaq to NYSE

Infosys decided to transfer listing of American shares of the company from Nasdaq to NYSE or New York Stock Exchange, which is partner of the Paris as well as London exchanges. The trading market of NYSE known as NYSE Euronext, enables the European investors trading easily in the American shares of Infosys through the European exchanges.

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The European investors of Infosys were requesting the company to simplify the mechanism of trading for them in Infosys’s shares. As of now, the difference in timezone makes it difficult for the European traders to function. NYSE Euronext would enable these investors a mode of faster as well as efficient trading. Nasdaq, on the other hand, does not have such kind of arrangement.

The act would enable Infosys to imporve branding in European markets as well because this would give them greater visibility in local markets. Over past few years, the 7 billion US Dollar Infosys had been investing in Europe significantly with special focus on France as well as Germany. Even though UK remains a stronger market for the IT companies of India, but US accounts for around 64percent revenues of Infosys and Europe accounts for 22 percent.

Europe is becoming strategic market for Infosys. The act would empower the investor base and will also help European investors in increasing access to Infosys’s stock. Global investors would find a broadened trading window.