Dan Romero pfp
Dan Romero
@dwr.eth
Anyone know why they would switch from NYSE to Nasdaq? https://www.cnbc.com/2023/09/14/doordash-will-switch-to-nasdaq-from-the-nyse-in-rare-exchange-hop.html
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bennet pfp
bennet
@bgrill.eth
Picked up in better indices => boosts share price
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John pfp
John
@silentjohn
NASDAQ is cheaper to list on.
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Thibauld pfp
Thibauld
@thibauld
No. But I'm interested in the answer!
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Victor Mimo pfp
Victor Mimo
@vic
I’m reasoning outloud here, It’s not because of trading, due to regulation NMS. However, NYSE specifically assigns dealers to each company for market making, while Nasdaq has a different mechanism. They might be unhappy with how much they’re paying for thay yearly or something along those lines
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Nirry pfp
Nirry
@nirry.eth
they wanna be a part of the TWAP botting that the nasdaq is built upon
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🎩 pfp
🎩
@daikie
They're aiming for more volume (which tends to increase price) Just the mere fact they are switching generates buzz & consequently volume
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