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Nasdaq

NASDAQ is the acronym for National Association of Securities Dealers Automated Quotations. With a listing of 3,300 companies, the NASDAQ has the distinction of being the largest screen-based, electronic market for the sale and purchase of equity securities in the United States. It also boasts the highest daily trading daily volume of any of the U.S. markets.

Multiple market participants trade through the NASDAQ via its electronic communications network. In 1987 the NASDAQ introduced the Small Order Execution System to make sure that small orders are automatically processed on even the busiest trading days. Companies traded on the NASDAQ include media, biotechnology, financial services, communications, transportation, retail, and technology among others.

When the NASDAQ began trading on February 8, 1971 it debuted as the only electronic stock market in the world. In those days it was a computer bulletin board system of BBS. Most of the trading was actually handled via telephone until 1987.

More Glossary Terms Explained here


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