What is the Full form of NASDAQ?
The NASDAQ full form is the National Association of Securities Dealers Automated Quotations. It is an American and Canadian stock exchange that allows investors to purchase equities on an automated, transparent, and swift computer server. The NASDAQ OMX Group is headquartered in New York, United States. It is the second largest stock exchange in terms of market capitalization, after the NYSE (New York Stock Exchange). It has been stylized as NASDAQ as of now.
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History of NASDAQ
- NASDAQ was founded by the NASD on 8 February 1971. (National Association of Securities Dealers). Currently, it was a computer bulletin board program.
- In 1975, it created the IPO (initial public offering) that allowed development corporations to raise capital to establish their businesses.
- The NASDAQ-100 Index was launched in 1985.
- In 1996, it launched the first website for the market, www.nasdaq.com.
- In 1998, the NASDAQ merged with the US Stock Exchange and founded the NASDAQ-AMEX Market Association.
- The NASDAQ was restructured in 2000 to become the NASDAQ Stock Exchange, which was incorporated.
- In 2007, NASDAQ acquired a Swedish-Finnish Finance firm (OMX) and rebranded as NASDAQ OMX group.
- In 2008, NASDAQ OMX acquired the Philadelphia Stock Exchange, the oldest stock exchange in the United States.
- In 2009, NASDAQ OMX launched a mobile version of its website, nasdaq.com.
Quotes from the NASDAQ
NASDAQ includes 3 level quote
1st Level Quote – Details the lowest and highest bids.
2nd level quote – provides information regarding the dealers eager to sell or purchase the shares.
3rd level quote: Lets market participants enter and execute orders in the required quotes.
Several of the largest companies listed on the NASDAQ
- Apple
- Microsoft
- Infosys Limited
- Intel
- Cisco, etc
