NASDAQ

NASDAQ, or Nasdaq, is the second-largest stock exchange in the United States with a market cap of US$7.2 trillion and nearly 2,800 listed companies as of April 2015. NASDAQ is second only to the NYSE in the world for trading volume. Located in New York City, NASDAQ is owned by The NASDAQ OMX Group, and is listed on its own exchange as NDAQ.

NASDAQ History

Founded February 8, 1971, NASDAQ was the world's first electronic stock market. At creation, NASDAQ stood for National Association of Securities Dealers Automated Quotations. Initially, NASDAQ offered only quotations, but eventually provided electronic trading. The exchange was responsible for most of the over-the-counter (OTC) trades.

As NASDAQ added automated trading systems and reporting, the exchange became more of a stock market, becoming the first in the United States to offer online trading.[2]

In 2000, NASDAQ became a for-profit company, owned by shareholders.[3] Later, in 2007, NASDAQ combined with OMX, a Swedish exchange, to compete in the global market. That same year, NASDAQ acquired the Philadelphia Stock Exchange, the oldest exchange in America.

NASDAQ is now registered as a licensed national securities exchange.[4]

FXCM Research Team

FXCM Research Team consists of a number of FXCM's Market and Product Specialists.

Articles published by FXCM Research Team generally have numerous contributors and aim to provide general Educational and Informative content on Market News and Products.

References

2

Retrieved 15 Jun 2015 https://www.nasdaq.com/discover/nasdaq-story/our-heritage/index.html

3

Retrieved 15 Jun 2015 https://guides.loc.gov/wall-street-history

4

Retrieved 15 Jun 2015 https://www.sec.gov/fast-answers/divisionsmarketregmrexchangesshtml.html

Disclosure

Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.

Past Performance: Past Performance is not an indicator of future results.

Spreads Widget: When static spreads are displayed, the figures reflect a time-stamped snapshot as of when the market closes. Spreads are variable and are subject to delay. Single Share prices are subject to a 15 minute delay. The spread figures are for informational purposes only. FXCM is not liable for errors, omissions or delays, or for actions relying on this information.

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