The Nasdaq Stock Market Inc. today announced that discount broker, Charles Schwab Corp., will list its common stock solely on the Nasdaq National Market effective December 20.

Schwab has been listed on the NYSE since September 1987 and dual listed its stock on the Nasdaq in January 2004. Schwab is the second NYSE dual-listed company to move its listing solely to Nasdaq this year.

Bob Greifeld, president and chief executive officer of Nasdaq said, “The Charles Schwab Corporation is a pioneer in discount brokerage that challenged the practice of high fixed commissions, opening up more opportunity for investors. Their philosophy is in keeping with Nasdaq’s mission, which is to provide the fairest, most efficient and transparent stock market possible for investors.”

Greifeld continued, “We are pleased this world-class brokerage evaluated Nasdaq to be the best trading model for their shareholders after taking part in our dual listing program. We welcome Schwab to the Nasdaq family of innovative companies.”