NYSE’s Martin Calls Rule Changes to Woo Listings ‘Questionable’

Some of the rule changes implemented by stock exchanges to lure new listings raise questions of market integrity, NYSE Group Inc. President Lynn Martin said.

“Market integrity is not something that is a competitive dynamic, and some of the rules that have been changed to woo some of the large companies — you referenced SpaceX — are questionable,” Martin said Friday in a Bloomberg Television interview.

Nasdaq Inc. earlier this year changed its listing rules in order to slash the time it takes for newly listed, large-cap companies to enter its main index, a move that gives shares of behemoths ...