NASDAQ originally stood for National Association of Securities Dealers Automated Quotations in 1971 when it was founded by the National Association of Securities Dealers (NASD).
NASDAQ was the world’s first electronic stock market but was unpopular with traders because it helped to lower the difference between the bid price and ask price of the stock, which lowered trader’s profits.
Eventually NASDAQ assumed the majority of the OTC (Over the Counter) system of trading, and in fact was still referred to as “OTC” in the media as late as 1987.
In 2006 NASDAQ was changed from a stock market to a licensed national securities exchange.
The NASDAQ OMX Group in its present form was created by the merger of the The Nasdaq Stock Market and OMX, owner of Europe’s largest securities marketplace. The group trades in 3,300 companies worth $6 trillion in market capital.
The Nasdaq Stock MarketNASDAQ originally stood for National Association of Securities Dealers Automated Quotations in 1971 when it was founded by the National Association of Securities Dealers (NASD).
NASDAQ was the world’s first electronic stock market but was unpopular with traders because it helped to lower the difference between the bid price and ask price of the stock, which lowered trader’s profits.
Eventually NASDAQ assumed the majority of the OTC (Over the Counter) system of trading, and in fact was still referred to as “OTC” in the media as late as 1987.
History
In 2006 NASDAQ was changed from a stock market to a licensed national securities exchange.
The NASDAQ OMX Group in its present form was created by the merger of the The Nasdaq Stock Market and OMX, owner of Europe’s largest securities marketplace. The group trades in 3,300 companies worth $6 trillion in market capital.