NASDAQ MarketSite
Encyclopedia
NASDAQ
The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...
stock market
Stock market
A stock market or equity market is a public entity for the trading of company stock and derivatives at an agreed price; these are securities listed on a stock exchange as well as those only traded privately.The size of the world stock market was estimated at about $36.6 trillion...
. Located in Times Square
Times Square
Times Square is a major commercial intersection in the borough of Manhattan in New York City, at the junction of Broadway and Seventh Avenue and stretching from West 42nd to West 47th Streets...
in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
, it occupies the North West corner of the bottom of the Condé Nast Building
Condé Nast Building
The Condé Nast Building, officially 4 Times Square, is a modern skyscraper in Times Square in Midtown Manhattan. Located on Broadway between 42nd Street and 43rd, the structure was finished in January 2000 as part of a larger project to redevelop 42nd Street...
, located at 4 Times Square
Times Square
Times Square is a major commercial intersection in the borough of Manhattan in New York City, at the junction of Broadway and Seventh Avenue and stretching from West 42nd to West 47th Streets...
. The exterior wall of the seven story cylindrical tower is an LED electronic video display that provides market quotes, financial news and advertisements. It was built in 1999 and made its debut on January 1st, 2000.
The ground floor of the glass-walled MarketSite contains a television studio
Television studio
A television studio is an installation in which a video productions take place, either for the recording of live television to video tape, or for the acquisition of raw footage for post-production. The design of a studio is similar to, and derived from, movie studios, with a few amendments for the...
. A wall of rear-projection monitors 44 feet (17 m) long by 14 feet (4 m) high display market conditions in real-time, providing reporters from MSNBC
MSNBC
MSNBC is a cable news channel based in the United States available in the US, Germany , South Africa, the Middle East and Canada...
, CNBC
CNBC
CNBC is a satellite and cable television business news channel in the U.S., owned and operated by NBCUniversal. The network and its international spinoffs cover business headlines and provide live coverage of financial markets. The combined reach of CNBC and its siblings is 390 million viewers...
, Fox News Channel
Fox News Channel
Fox News Channel , often called Fox News, is a cable and satellite television news channel owned by the Fox Entertainment Group, a subsidiary of News Corporation...
, Bloomberg Television
Bloomberg Television
Bloomberg Television is a 24-hour global network broadcasting business and financial news. It is distributed globally, reaching over 200 million homes worldwide. It is owned and operated by Bloomberg L.P...
, BBC
BBC
The British Broadcasting Corporation is a British public service broadcaster. Its headquarters is at Broadcasting House in the City of Westminster, London. It is the largest broadcaster in the world, with about 23,000 staff...
, and other financial television networks a backdrop to present their reports. BusinessWeek
BusinessWeek
Bloomberg Businessweek, commonly and formerly known as BusinessWeek, is a weekly business magazine published by Bloomberg L.P. It is currently headquartered in New York City.- History :...
's weekly syndicated
Television syndication
In broadcasting, syndication is the sale of the right to broadcast radio shows and television shows by multiple radio stations and television stations, without going through a broadcast network, though the process of syndication may conjure up structures like those of a network itself, by its very...
newsmagazine also comes from the MarketSite.
The technologies and processes used in the original Nasdaq MarketSite are protected under United States Patent 7,082,398 issued July 25, 2006. Inventors were: Thomas Apple
Thomas Apple
Thomas Apple is an American entrepreneur and inventor, best known for co-inventing the logo stockticker display and creating the concept of the MarketSite found in New York City's Times Square. Thomas was also the executive brought into the NASD in May 1989 to start the Marketing Planning Group...
(Arlington, Virginia), Paul Noble (Short Hills, New Jersey
Short Hills, New Jersey
Short Hills is an unincorporated area located within the township of Millburn, in Essex County, New Jersey, United States. It is a popular commuter town for residents who work in New York City...
), John Footen (Mount Arlington, New Jersey
Mount Arlington, New Jersey
-History:While Mount Arlington is now mostly a suburban residential community, it was once a thriving resort town. In the era before the world wars and the advent of air travel, it was a welcome respite for the residents of nearby New York City and Newark....
); Gary Baren (Warren, New Jersey); and Andrew Klein (Brookline, Massachusetts
Brookline, Massachusetts
Brookline is a town in Norfolk County, Massachusetts, United States, which borders on the cities of Boston and Newton. As of the 2010 census, the population of the town was 58,732.-Etymology:...
). The initial installation of the MarketSite was in the former Whitehall street location of Nasdaq. The current Times Square system and process have been upgraded and changed several times but remain protected by the broad claims and novel uses outlined in the original patent.
The current MarketSite facility utilizes a complex system of videowall processors and data feeds to provide broadcasters with a dynamic real-time data background. This system shares nothing with the original Whitehall street iteration of the MarketSite, having been upgraded and redesigned several times due to advances in technology.