Nasdaq

Nasdaq

See: National Association of Securities Dealers Automatic Quotation System

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Nasdaq

The world's largest electronic stock market, with trades executed through a computer and telecommunications network connecting market makers, electronic communications networks, and order-entry firms. Nasdaq trading commenced in 1971, when the system was owned by the National Association of Securities Dealers. NASD members voted in 2000 to spin off Nasdaq into a shareholder-owned, for-profit company. Formerly called National Association of Securities Dealers Automated Quotation System.

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National Association of Securities Dealers Automated Quotation System (NASDAQ). NASDAQ is a computerized stock trading network that allows brokers to access price quotations for stocks being traded electronically or sold on the floor of a stock exchange.

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Nasdaq

What Does Nasdaq Mean?

A computerized market or exchange that facilitates trading by providing price quotations on more than 5,000 actively traded overthe-counter stocks. Created in 1971, the Nasdaq was the world's first electronic stock market. Stocks on the Nasdaq traditionally are listed by using four or five letters as their ticker symbols. If a company is a transfer from the New York Stock Exchange, the symbol may consist of three letters. Some companies are listed on two exchanges and are called dually listed stocks.

Investopedia explains Nasdaq

The term “Nasdaq” used to be capitalized “NASDAQ” as an acronym for National Association of Securities Dealers Automated Quotation. The acronym no longer is used, and Nasdaq is now a proper noun. The Nasdaq is traditionally home to many high-tech stocks, such as Microsoft, Intel, Dell, and Cisco.

Related Terms:
• Electronic Communication Network—ECN
• Financial Industry Regulatory Authority—FINRA
• National Association of Securities Dealers—NASD
• Over the Counter—OTC
• Over-the-Counter Bulletin Board—OTCBB