CIBC World Markets Will Act As Market Maker in NASDAQ Securities.Business Editors NEW YORK--(BUSINESS WIRE)--Sept. 18, 2001 CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. announced today that it is making markets in NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on listed securities Listed Security Securities that have been accepted for trading purposes by a recognized and regulated exchange. Notes: Listed securities have the advantage of higher liquidity within a regulated environment. for its institutional customers. Operations have been reestablished at 425 Lexington Avenue. Institutional customers are asked to call the firm's new number of 212-885-4500. "We're grateful for the support of our institutional customers during this tragic period," says Michael Pallazzi, co-head of over-the-counter trading for CIBC World Markets. "We've made accommodations and we look forward to continuing our relationships with all of them." CIBC World Markets, the investment and merchant banking operation of CIBC CIBC Canadian Imperial Bank of Commerce CIBC Centres Interinstitutionnels de Bilan de Compétences CIBC Commonwealth Institute of Biological Control (Trinidad) CIBC Commercial International Brokerage Company , offers a full range of integrated credit and capital markets products, securities, and brokerage and asset management services to corporate, government, and institutional clients. |
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