- NASDAQ
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/nas"dak, naz"-/, n.National Association of Securities Dealers Automated Quotations: a system for quoting over-the-counter securities.
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in full National Association of Securities Dealers Automated QuotationsU.S. market for over-the-counter securities.Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on the trading of domestic securities not listed on the regular stock exchanges. It publishes two composite price indexes daily as well as bank, insurance, transportation, utilities, and industrial indexes. By the 1990s it had surpassed the American Stock Exchange (AMEX) to become the second largest U.S. securities market, in terms of market capitalization, after the New York Stock Exchange. Members register with the Securities and Exchange Commission and meet requirements for assets, capital, public shares, and shareholders. In 1999 it merged with AMEX to form the Nasdaq-Amex Market Group, and in 2000 NASD sold nearly half its interest in NASDAQ to private investors. See also over-the-counter market.* * *
▪ American organizationacronym of National Association of Securities Dealers Automated Quotationsan American stock market that handles electronic securities (security) trading around the world. It was developed by the National Association of Securities Dealers (NASD) and is monitored by the Securities and Exchange Commission (SEC).Trading on the NASDAQ stock exchange began in 1971. In 1992 it joined with the International Stock Exchange in London to form the first intercontinental linkage of securities markets. NASDAQ's 1998 merger with the American Stock Exchange formed the NASDAQ-Amex Market Group, and by the beginning of the 21st century it had become the largest electronic stock market (in terms of both dollar value and share volume) in the United States. NASD spun off NASDAQ in 2000 to form a publicly traded company, the NASDAQ Stock Market, Inc.NASDAQ lists more than 3,000 securities. To qualify for listing on the exchange, a company must be registered with the SEC, have at least three market makers (financial firms that act as brokers or dealers for specific securities), and meet minimum requirements for assets, capital, public shares, and shareholders.* * *
Universalium. 2010.
