Nasdaq
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| Type | |
|---|---|
| Location |
One Liberty Plaza 165 Broadway, New York City, New York, U.S. |
| Coordinates | Coordinates: 40°42′35″N 74°00′39″W / 40.709744°N 74.010860°W |
| Founded | February 4, 1971 |
| Owner | Nasdaq, Inc. |
| Currency | United States dollar |
| No. of listings | 3,058 (July 2015) |
| Market cap | US$6.8 trillion |
| Website | Business |
The Nasdaq Stock Market (
i/ˈnæzˌdæk/) is an American . It is the in the world by market capitalization, behind only the . The exchange platform is owned by Nasdaq, Inc., which also owns the Nasdaq Nordic (formerly known as OMX) and Nasdaq Baltic stock market network and several other US stock and options exchanges.
When it was founded, NASDAQ stood for the acronym of "National Association of Securities Dealers Automated Quotations". NASDAQ was founded in 1971 by the National Association of Securities Dealers (NASD), which divested itself of NASDAQ in a series of sales in 2000 and 2001. The Nasdaq Stock Market is owned and operated by Nasdaq, Inc., the stocks of which were listed on its own stock exchange marketing July 2, 2002, under the ticker symbol NDAQ.
When the Nasdaq Stock Market began trading on February 8, 1971, it was the world's first electronic stock market. At first, it was merely a quotation system and did not provide a way to perform electronic trades. The Nasdaq Stock Market helped lower the spread (the difference between the bid price and the ask price of the stock) but was unpopular among brokerages which made much of their money on the spread.
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