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London starts tech index
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August 24, 1999: 5:17 a.m. ET
Report: London Stock Exchange to boost technology profile with new market
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LONDON (CNNfn) - The London Stock Exchange plans to tap into investors' hunger for technology stocks by launching a separate market for technology companies, according to a press report Tuesday.
The new market is to be called Techmark, and will impose less onerous listing requirements than London's main market when it is launched next month, according to a report in London's The Times newspaper.
Without quoting sources, the newspaper claimed Techmark would have its own FTSE index, and would have a lower risk-profile than the Nasdaq market in the United States
The exchange would not comment, but told CNNfn.com a statement will be issued later Tuesday.
The aim of the new market is to raise the profile of technology companies among international investors, the newspaper reported. Most of the 100 companies set to figure initially on the new index will be drawn from the main exchange, rather than the less regulated AIM market for start-up companies. 
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London Stock Exchange
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