31.   The company thinks that listing on the Second Marche, a new French exchange for small and midcap companies, will smooth the way for much greater international expansion.

32.   The exchanges also are considering whether to stay in their current quarters or build a new exchange.

33.   The International Stock Exchange, a new exchange, announced plans to begin trading many options.

34.   The new exchange is expected to adopt the Nasdaq name but eventually move toward a floor-trading system similar to that used by the New York Stock Exchange.

35.   The new exchange replaces the Vancouver Stock Exchange, which lost credibility over stock manipulations of mining companies.

36.   The new exchange, called Mex-Der, plans to start operations in the last week of November.

37.   The new European exchange, to be headquartered in London but operated in Frankfurt, will use the German trading system Xetra.

38.   The new exchange would be fully electronic, said George Simon, general counsel of the Chicago Stock Exchange.

39.   The new exchange would not need to obtain the permission of European companies to list or trade their shares.

40.   The new exchange, known as KLOFFE, hopes to begin trading by the end of this year.