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Nasdaq

Nasdaq

NASDAQ (National Association of Securities Dealers Automated Quotations) is an American stock exchange. It is now stylized as Nasdaq.

Overview

Nasdaq is a global stock exchange headquartered in New York City. Nasdaq is an electronic exchange, and unlike the New York Stock Exchange it is not a physical trading point or auction-style exchange. Nasdaq functions as a market dealer and does not require a broker to facilitate trade. Market Makers provide liquidity, inventory controls, and bid and ask prices in this kind of trade. Over 260 market maker firms are involved in the NASDAQ exchange. Nasdaq provides two indices for traders and investors: the Nasdaq Composite and the Nasdaq 100. These provide the value of the stocks listed on the exchange, with the Nasdaq Composite including all stocks and the Nasdaq 100, providing values for the top 100 non-financial companies listed on the exchange.

The company is led by CEO and president Adena T. Freidman. Other members of the executive team include CFO and executive vice president Ann Dennison, executive vice president and chief technology and information officer Brad Peterson, vice chairman Edward Knight and president of Nasdaq, Nelson Griggs. Nasdaq employs over 4,500 people worldwide.

NASDAQ creates revenue by providing market services, investment intelligence, market technology, and corporate services, such as listing fees to their clients.

Nasdaq listed companies

In 2020, there were 3,889 companies listed on the exchange, and it is estimated that over 4.5 billion shares are traded daily through Nasdaq. In order to be listed on Nasdaq, companies must meet certain requirements set by Nasdaq. Some larger companies listed by Nasdaq include Amazon, Alphabet, Tesla, Facebook, Nvidia, PayPal, Netflix and Comcast.

Nasdaq Ventures

In 2017, Nasdaq launched investment firm Nasdaq Ventures. The firm has invested in companies including Dealpath, Matter, XM Cyber, Canoe, Sporttrade, and Chronograph. Nasdaq Ventures is led by Senior Vice President Gary Offner.

Sustainability practices

Nasdaq values sustainability practices and efforts as well as bringing diversity into the marketplace. On August 6, 2021, the U.S. Securities and Exchange Commission (SEC) approved a diversity rule put forth by Nasdaq, requiring companies on the exchange to have at least two "diverse directors," including at least one "who self-identifies as female" and one "who self-identifies as either an underrepresented minority or LGBTQ+."

History

Nasdaq began operations on February 8, 1971 as a subsidiary of the National Association of Securities Dealers (NASD), now known as the Financial Industry Regulatory Authority (FINRA). Nasdaq was the first electronic stock exchange. They launched their website in 1996. Nasdaq formed Nasdaq-AMEX via their merger with the American Stock Exchange in 1998. Amex was later purchased by NYSE. In 2001, the European Association of Securities Dealers Automatic Quotation System (EASDAQ) was purchased by Nasdaq, becoming Nasdaq Europe and now known as Equiduct.

Nasdaq began operating as a national securities exchange and officially broke off from the NASD in 2006. Nasdaq combined with the Scandinavian exchange group OMX and formed the Nasdaq OMX Group in 2007. That same year Nasdaq OMX purchased the Boston Stock Exchange and the following year they purchased the Philadelphia Stock Exchange. Nasdaq first launched their mobile application in 2009. Nasdaq OMX became a founding member of the United Nations Sustainable Stock Exchanges on June 18, 2012; the company makes public sustainability reports available through their website.

Timeline

2017
Nasdaq launches Nasdaq Ventures as the investment arm of the company.
January 1, 2017
Adena Friedman becomes CEO of Nasdaq.
2012
Nasdaq OMX becomes a founding member of the United Nations Sustainable Stock Exchanges.
2009
Nasdaq launches their mobile application.
2007
Nasdaq combines with the Scandinavian exchange group OMX and forms the Nasdaq OMX Group.
2001
The European Association of Securities Dealers Automatic Quotation System (EASDAQ) is purchased by Nasdaq, becoming Nasdaq Europe.
1998
Nasdaq forms Nasdaq-AMEX via their merger with the American Stock Exchange in 1998.
1996
Nasdaq launches their website.
February 1971
Nasaq begins operations as an electronic stock exchange.

Acquisitions

Invested in

Patents

Further Resources

Title
Author
Link
Type
Date

Getting to Know the Stock Exchanges

David R. Harper

Web

September 19, 2004

Nasdaq

Adam Hayes

Web

November 24, 2003

What is The Nasdaq Stock Exchange?

Web

September 22, 2014

What's an Index? The Dow, S&P 500, and Nasdaq Explained

Web

July 18, 2019

News

Title
Author
Date
Publisher
Description
The Associated Press
December 8, 2021
AP NEWS
Stocks are wobbling between gains and losses in early trading on Wall Street as gains for energy, health care and other companies are blunted by losses for some of the big technology companies. The S&P 500 was bobbing up and down near the breakeven line in the first few minutes of trading Wednesday.
By The Associated Press
December 6, 2021
AP NEWS
___Trump media venture gets scrutiny from US market regulatorsNEW YORK (AP) -- Regulators are asking questions about the deal to bring Donald Trump's new social media company to the stock market, one that has attracted both legions of fans of the former president and people looking to make a quick profit.
By DAMIAN J. TROISE and ALEX VEIGA
November 24, 2021
AP NEWS
Wall Street capped another wobbly day of trading Wednesday with an uneven finish for the major stock indexes ahead of the Thanksgiving holiday in the U.S.The S&P 500 rose 0.2% after wavering between small gains and losses most of the morning.
By DAMIAN J. TROISE and ALEX VEIGA
November 23, 2021
AP NEWS
Wall Street closed out a wobbly day of trading Tuesday with a mixed finish for the major stock indexes, as gains in banks and energy companies tempered losses elsewhere in the market.The S&P 500 managed to rise 0.2% after wavering between small gains and losses for much of the day.
By DAMIAN J. TROISE and ALEX VEIGA
November 19, 2021
AP NEWS
Wall Street closed out a week of choppy trading with stocks mostly lower Friday, though gains for several tech companies pushed the Nasdaq composite to another record high and its first close over 16,000 points.
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References

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