Robert Greifeld,CEO of NASDAQ/OMX,a global exchange company,says they certainly feel the trend line for initial public offerings will continue upward for 2010.On a relative basis,he thinks the feeling is better than it was in January 2009.We know a number of tech companies are filing for IPOs,Mr. Greifeld revealed,and we feel good about that.NASDAQ has a strong appeal for the younger firms,many of them Asian.We will be part of a virtuous cycle in 2010,Robert Greifeld believes.One unifying theme:the businesses we are in are highly scalable.They have incremental revenue with very little incremental cost.
I cannot speak for Dubai,Mr.Greifeld cautioned,but in conversations they have expressed their support for what we're doing.Equities trading volumes on NASDAQ Dubai rose by 30% in 2009 to 3.10 billion shares,from 2.39 billion shares for 2008.Equities derivatives have also traded on the exchange since November 2008.Dubai Gold Securities,which are Shariah-compliant,were listed in March of 2009.
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