NASDAQ Full Form: National Association of Securities Dealers Automated Quotations
NASDAQ Stock market is an American Stock Exchange. It was created in 1971 by National Association of Securities Dealers (NASD) and emerged as a global electronic marketplace for buying and selling securities. Trading began on February 8, 1971. Being world’s first electronic stock market it enabled investors to trade securities on a computerized, speedy and transparent system. More than 3000 stocks are listed on the NASDAQ exchange including market giants like Apple, Google, Microsoft, Oracle and Amazon.
In 2006, NASDAQ separated from NASD and began to operate as a national securities exchange. In 2007, it combined with the Scandinavian exchange group OMX and became Nasdaq OMX group. Nasdaq OMX has headquarters in New York and operates on 26 markets including equities, fixed income, derivatives and commodities.
- 1971 – NASDAQ introduces the era of all-electronic trading. With this innovation, NASDAQ attracts new growth companies, such as Microsoft, Apple, Cisco, Oracle and Dell.
- 1975 – NASDAQ invents the modern IPO (Initial Public Offering) by listing venture-capital-backed companies and allows the underwriting syndicates to trade as market makers.
- 1985 – NASDAQ creates the NASDAQ-100 Index.
- 1996 – The first exchange website, www.nasdaq.com, goes live.
- 1998 – NASDAQ merges with the American Stock Exchange to form the NASDAQ-AMEX Market Group. (AMEX was acquired by NYSE Euronext in 2008 and its data was integrated into the NYSE.)
- 2000 – NASDAQ membership votes to restructure and spin off NASDAQ into a publicly traded shareholder-owner for-profit company, the NASDAQ Stock Market, Inc.
- 2007 – NASDAQ acquires OMX, a Swedish-Finnish financial company, and changes name to the NASDAQ OMX Group. NASDAQ OMX buys the Boston Stock Exchange.
- 2008 – NASDAQ OMX buys the Philadelphia Stock Exchange, the oldest stock exchange in the United States.
- 2009 – NASDAQ OMX creates a mobile Web version of nasdaq.com, an industry first.