Kraft Foods is to list on the NASDAQ later this month, citing cost as a factor in its decision to move from the New York Stock Exchange.

Shares in Kraft will start trading on the NASDAQ from 26 June, the company said today (8 June). Its ticker symbol will remain KFT.

The Cadbury, Oreos and Philapdelphia manufacturer said the move would "yield greater cost efficiencies, while providing visibility advantages for the company's iconic brands".

Kraft is set to split in two later this year, creating a North American grocery business called Kraft Foods Group and a global snacks company named Mondelez International. Both firms will list on the NASDAQ.