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NASDAQ



 
 
The NASDAQ (acronym of National Association of Securities Dealers Automated Quotations) is an American
United States

The United States of America is a Federal government constitutional republic comprising U.S. state and a federal district. The country is situated mostly in central North America, where its Contiguous United States and Washington, D.C., the Capital districts and territories, lie between the Pacific Ocean and Atlantic Oceans, Borders of the U...
 stock exchange
Stock exchange

A stock exchange, securities exchange or bourse is a corporation or mutual organization which provides "trading" facilities for stock brokers and trader s, to trade stocks and other security ....
. It is the largest electronic
Electronic trading

Electronic trading, sometimes called etrading, is a method of trading security , foreign currency, and derivative #Exchange traded derivatives electronically....
 screen-based equity securities
STOCK

Software for fixed assets management and stock control developed in 2004. Stocktaking process is carried using a hand-held mobile terminal equipped with barcode reader or RFID technology....
 trading market in the United States. With approximately 3,200 companies, it has more trading volume per hour than any other stock exchange in the world.

It was founded in 1971 by the National Association of Securities Dealers (NASD), who divested
Divestment

In finance and economics, divestment or divestiture is the reduction of some kind of asset for either financial or ethical objectives. A divestment is the opposite of an investment....
 themselves of it in a series of sales in 2000 and 2001.






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The NASDAQ (acronym of National Association of Securities Dealers Automated Quotations) is an American
United States

The United States of America is a Federal government constitutional republic comprising U.S. state and a federal district. The country is situated mostly in central North America, where its Contiguous United States and Washington, D.C., the Capital districts and territories, lie between the Pacific Ocean and Atlantic Oceans, Borders of the U...
 stock exchange
Stock exchange

A stock exchange, securities exchange or bourse is a corporation or mutual organization which provides "trading" facilities for stock brokers and trader s, to trade stocks and other security ....
. It is the largest electronic
Electronic trading

Electronic trading, sometimes called etrading, is a method of trading security , foreign currency, and derivative #Exchange traded derivatives electronically....
 screen-based equity securities
STOCK

Software for fixed assets management and stock control developed in 2004. Stocktaking process is carried using a hand-held mobile terminal equipped with barcode reader or RFID technology....
 trading market in the United States. With approximately 3,200 companies, it has more trading volume per hour than any other stock exchange in the world.

It was founded in 1971 by the National Association of Securities Dealers (NASD), who divested
Divestment

In finance and economics, divestment or divestiture is the reduction of some kind of asset for either financial or ethical objectives. A divestment is the opposite of an investment....
 themselves of it in a series of sales in 2000 and 2001. It is owned and operated by the NASDAQ OMX Group
NASDAQ OMX Group

NASDAQ OMX Group, Inc. is a United States public company that owns and operates the NASDAQ stock market and seven European stock exchanges in the Nordic countries and Baltic states regions under the OMX banner....
, the stock of which was listed on its own stock exchange in 2002, and is monitored by the Securities and Exchange Commission (SEC). With the completed purchase of the Nordic
Nordic countries

File:Location Nordic Council.svgThe Nordic countries make up a region in Northern Europe and far northeastern North America, called the Nordic region, consisting of Denmark, Finland, Iceland, Norway and Sweden and their associated territories which include the Faroe Islands, Greenland and ?land....
-based operated exchange OMX
OMX

OMX AB is a Sweden-Finland financial services company, formed in 2003 through a merger between OM AB and HEX plc and is now a part of the NASDAQ OMX Group since February 2008.....
, following its agreement with Borse Dubai
Borse Dubai

Borse Dubai is a stock exchange in the United Arab Emirates.It is the holding company for Dubai Financial Market and Dubai International Financial Exchange ....
, NASDAQ is poised to capture 67% of the controlling stake in the aforementioned exchange, thereby inching ever closer to taking over the company and creating a trans-atlantic powerhouse. The group, now known as Nasdaq-OMX, controls and operates the NASDAQ stock exchange in New York City
New York City

The City of New York is the List of United States cities by population in the United States, while the New York metropolitan area ranks among the List of urban areas by population....
 -- the second largest exchange in the United States. It also operates eight stock exchanges in Europe and holds one-third of the Dubai Stock Exchange. It has a double-listing agreement with OMX, and will compete with NYSE-Euronext group in attracting new listings.

Quote availability

NASDAQ quotes are available at three levels:
  • Level 1 shows the highest bid and lowest offer — the inside quote.
  • Level 2 shows all public quotes of market maker
    Market maker

    A market maker is a business organizations that quotes both a buy and a sell price in a financial instrument or commodity, hoping to make a profit on the bid/offer spread, or turn ....
    s together with information of market makers wishing to sell or buy stock and recently executed orders.
  • Level 3 is used by the market makers and allows them to enter their quotes and execute orders.


Trading schedule

NASDAQ has a pre-market
Pre-market trading

Pre-market trading is security trading between banks and dealers, without stock exchange control, before the opening of the actual stock market session....
 session from 07:00am to 09:30am, a normal trading session from 09:30am to 04:00pm and a post-market session from 04:00pm to 08:00pm (all times in EST).

Indexes

  • NASDAQ Composite
    Nasdaq Composite

    The Nasdaq Composite is a stock market index of all of the common stocks and similar securities listed on the NASDAQ stock market, meaning that it has over 3,000 components....
  • NASDAQ-100
    NASDAQ-100

    The NASDAQ-100 is a stock market index of 100 of the largest domestic and international non-financial companies listed on the NASDAQ stock exchange, it is a modified market value-weighted index; the companies weight in the index are based on their market capitalization, with certain rules capping the influence of the largest components....
  • NASDAQ Biotechnology Index 6:00-9:45


Markets

  • NASDAQ Global Select Market
  • NASDAQ Global Market
  • NASDAQ Capital Market
    NASDAQ Capital Market

    Originally called the NASDAQ Small Cap Market, NASDAQ announced a name change to the NASDAQ Capital Market on September 27, 2005. The NASDAQ Capital Market exists for securities of smaller, less-capitalized companies that do not qualify for inclusion in the Nasdaq National Market....
  • NASDAQ PORTAL Market


See also

  • NASDAQ MarketSite
    NASDAQ MarketSite

    NASDAQ MarketSite is the physical presence of the NASDAQ stock market. Located in Times Square in New York City, it occupies the North West corner of the bottom of the Cond? Nast Building, located at 4 Times Square....
  • ACT (NASDAQ)
    ACT (NASDAQ)

    ACT, or Automated Confirmation of Transactions, is a NASDAQ stock market system for reporting and clearing trades. In contrast to Qualified Special Representative clearing via National Securities Clearing Corporation , which requires multiple relationships between brokers, dealers, clearing firms, ACT facilitates the simplifies the pro...
  • NASDAQ-100
    NASDAQ-100

    The NASDAQ-100 is a stock market index of 100 of the largest domestic and international non-financial companies listed on the NASDAQ stock exchange, it is a modified market value-weighted index; the companies weight in the index are based on their market capitalization, with certain rules capping the influence of the largest components....


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