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Two years ago, finance executives at Cadence Design Systems Inc. had to decide whether Cadence should continue to list on the New York Stock Exchange (NYSE) and the Nasdaq or throw its full weight behind just one. James Haddad, Cadence’s corporate vice president of finance, quantified differences in technology, trading speeds, cost to the company, cost of trades to the investor, reliability and confidentiality. Nasdaq, with its stealth electronic trading system, came out on top. Today, Cadence is considering giving that decision a rethink–at least if the NYSE, already the largest global exchange, gets any more global. “If the NYSE consolidates faster as far as a global footprint, we might revisit where we are listed,” Haddad says. “It’s our responsibility to revisit our choices periodically and make sure we are getting the same benefits.”

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