NYSE guns for more international businesses

In a move loaded with symbolism, the New York Stock Exchange is moving its international listings business out of New York to Paris, according to breakingviews.com. Catherine Kinney, who heads up the business, will make the move as well. Her task will be to steal more listings from the Europeans. The Big Board is likely counting on her job being easier because of Sarbanes-Oxley. But I wouldn't count on it. Tougher financial regulations seem to be the trend worldwide. At some point, listing on NYSE Euronext in Europe and on the NYSE in the U.S. may not be all that different. There are a lot of issues that come into play. But the NYSE brass is hip to all this, and they've got a service that can accommodate a lot of needs.

For more:
- here's the breakingviews.com article