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Infosys rings Nasdaq bell

Posted on: August 17, 2006

 
If you still don’t believe that the world is flat, then consider this: Infosys Technologies rang the Nasdaq opening bell remotely from Mysore. At 7 pm, Infosys chairman and chief mentor N R Narayana Murthy pressed a button to mark the opening of Monday’s trading session at Nasdaq’s MarketSite Tower in Times Square, New York.

 

The honour was bestowed upon Infosys on the occasion of its 25th anniversary celebrations. Infosys is the first Indian company to remotely ring the Nasdaq opening bell from India. While the remote opening of this nature has happened twice earlier — from Davos and London — this is the first time that a single company is doing this outside the US.

The opening bell is a ceremonial event that represents the essence of Nasdaq’s virtual market model. Since Nasdaq’s operations are entirely electronic, it can be opened from any location around the world, symbolically bringing together investors and market participants at the beginning of each trading day.

 
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