What does NASDAQ stand for?
If you run through different sources on the Web that offer the definition of ‘NASDAQ’ term you will likely encounter such explanation as “National Association of Securities Dealers Automated Quotations”. Yet the official site of NASDAQ itself objects this definition as a term to be relevant only as of 1971. They say: “But this automated quotation system quickly matured far beyond its original quote-service roots, evolving into what it is today—a major world stock market.” So, what do we know about the roots of this stock market? What are the requirements for those companies who wish to be listed with NASDAQ? And what is NASDAQ Composite? ‘For the next hundred years’ The stock exchange founded by the National Association of Securities Dealers (NASD) began trading on February 5, 1971. It became the first electronic stock market in the world. Initially NASDAQ was just a computer bulletin board system and did not actually connect buyers and sellers. The system was used to lower the spread
If this question were asked in 1971, the answer would be that NASDAQthen spelled with all capital lettersis an acronym standing for National Association of Securities Dealers Automated Quotations. But this automated quotation system quickly matured far beyond its original quote-service roots, evolving into what it is todaya major world stock market. Indeed, what NASDAQ “stands for” is not nearly as relevant as what The NASDAQ Stock Market has become known for, namely pioneering screen-based technology and an abundance of growth companies.
