Japanese Association of Securities Dealers Automated Quotation System

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Japanese Association of Securities Dealers Automated Quotation System (Jasdaq)

Japanese equivalent of Nasdaq.

Japanese Association of Securities Dealers Automated Quotation System

An electronic securities exchange headquartered in Tokyo. Founded in 1963 as an over-the-counter exchange, it reorganized as a securities exchange in 2004. At reorganization, it became the first new securities exchange in Japan in nearly a half century. While its operations are similar to NASDAQ in the United States, the two are unrelated.
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The Nikkei Jasdaq average, which lists small-to medium-cap shares, ended down 0.