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NASDAQ Facts

An American stock exchange

  • NASDAQ's full form is 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.
  • The NASDAQ has more trading volume than any other electronic stock exchange in the world.
  • The exchange is owned by NASDAQ OMX Group, which also owns the OMX stock exchange network.
  • It was founded on February 4, 1971 and is located in New York City. 2,500 stocks were traded that first day.
  • In the beginning, it was merely a computer bulletin board system and did not actually connect buyers and sellers.
  • NASDAQ was the successor to the over-the-counter (OTC) system of trading.
  • In 1998, the NASDAQ merged with the American Stock Exchange, which focused on options and derivatives, to form the NASDAQ-AMEX Market group but both exchanges still operate separately.
  • The NASDAQ purchased the Philadelphia Stock Exchange for $652 million on November 7th, 2007.
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