Entity: NASDAQ
NASDAQ, short for National Association of Securities Dealers Automated Quotations, is an American electronic stock market based in New York City. It operates as a computerized trading platform where all transactions occur electronically. Established in 1971, NASDAQ has become the second-largest stock exchange globally, following the NYSE. It is renowned for its high trading volume and is particularly popular among investors in emerging technologies and high-growth companies.
NASDAQ
Etymology
The term NASDAQ is an acronym for National Association of Securities Dealers Automated Quotations.
Definition
NASDAQ is an American electronic stock market based in New York City. It operates as a computerized trading platform where all transactions occur electronically. Established in 1971, NASDAQ has become the second-largest stock exchange globally, following the NYSE. It is renowned for its high trading volume and is particularly popular among investors in emerging technologies and high-growth companies.
Historical Context
NASDAQ was founded in 1971 by the National Association of Securities Dealers (NASD) to enable investors to trade securities on a computerized, transparent system. Over the years, NASDAQ has evolved into a leading stock exchange, known for its technological innovations and high trading volumes.
Cultural Significance
NASDAQ plays a crucial role in the global financial markets, providing a platform for companies to raise capital and for investors to trade securities. It is particularly significant for the tech industry, as many high-tech companies are listed on NASDAQ, making it a hub for innovation and growth.
Related Concepts
- New York Stock Exchange (NYSE): Another prominent stock exchange based in New York City.
- Stock Market: A marketplace where securities are bought and sold.
See Also
An electronic stock market platform where trading is conducted through a computer network, known for its high trading volume and popularity with investors in emerging technologies and growth companies.