NASDAQ

NASDAQ
Wikideas1 · CC0 · source
Name	NASDAQ
City	New York City
Country	United States
Founded	1971
Owner	Nasdaq, Inc.
Key people	Adena Friedman
Currency	United States dollar
Listings	over 3,000
Market cap	over $19 trillion

NASDAQ is the second-largest stock exchange in the world by market capitalization, after the New York Stock Exchange (NYSE), and is home to listings from renowned companies such as Apple Inc., Microsoft, Amazon (company), and Google. As a major platform for trading securities, NASDAQ is a critical component of the global financial system, with connections to institutions like the Federal Reserve, Securities and Exchange Commission (SEC), and the Financial Industry Regulatory Authority (FINRA). The exchange is also closely tied to other major exchanges, including the London Stock Exchange and the Tokyo Stock Exchange, and is a member of the World Federation of Exchanges. Companies listed on NASDAQ, such as Facebook, Inc., Intel Corporation, and Cisco Systems, are often leaders in their respective fields, including Silicon Valley and the broader technology industry.

Introduction

The NASDAQ exchange is owned and operated by Nasdaq, Inc., a publicly traded company listed on its own exchange, and is headquartered in New York City. The exchange has a long history of innovation, dating back to its founding in 1971 by the National Association of Securities Dealers (NASD), and has played a key role in the development of the electronic trading system. Today, NASDAQ is a global leader in trading and listing services, with a diverse range of products and services, including options trading and futures trading, and is closely tied to other major financial institutions, such as Goldman Sachs, Morgan Stanley, and JPMorgan Chase. The exchange is also a key player in the initial public offering (IPO) market, with companies like Uber, Airbnb, and Palantir Technologies having listed on the exchange in recent years, and has partnerships with organizations like the National Venture Capital Association and the Silicon Valley Bank.

History

The history of NASDAQ dates back to 1971, when it was founded as the world's first electronic stock market, with the goal of providing a more efficient and transparent platform for trading securities. The exchange was initially called the National Association of Securities Dealers Automated Quotations system, and was developed by the National Association of Securities Dealers (NASD), with the support of institutions like the Securities and Exchange Commission (SEC) and the Federal Reserve. Over the years, NASDAQ has undergone significant changes and expansions, including its merger with the American Stock Exchange (AMEX) in 1998, and its acquisition of the Philadelphia Stock Exchange (PHLX) in 2008, and has developed partnerships with other major exchanges, such as the London Stock Exchange and the Euronext exchange. Today, NASDAQ is a global leader in trading and listing services, with a diverse range of products and services, and is closely tied to other major financial institutions, such as Bloomberg L.P., Thomson Reuters, and S&P Global.

Operations

NASDAQ operates a number of different markets and platforms, including the NASDAQ Global Select Market, the NASDAQ Global Market, and the NASDAQ Capital Market, and provides a range of services to its members, including trade reporting, clearing and settlement, and market data services. The exchange is also a major provider of listing services, with a diverse range of companies listed on its exchange, including technology companies like Google and Amazon (company), and biotechnology companies like Gilead Sciences and Biogen. In addition to its core trading and listing services, NASDAQ also provides a range of other products and services, including index calculation and etf trading, and has partnerships with organizations like the CBOE Global Markets and the Intercontinental Exchange (ICE). The exchange is also a key player in the financial technology (fintech) industry, with companies like Square, Inc., PayPal, and Stripe, Inc. listed on the exchange.

Listings

NASDAQ is home to a diverse range of listings, including companies from the technology sector, the biotechnology sector, and the financial sector, and has a long history of innovation and growth, with companies like Microsoft, Intel Corporation, and Cisco Systems having listed on the exchange in the past. Today, the exchange is a popular destination for companies looking to go public, with a streamlined initial public offering (IPO) process and a range of listing options, including the NASDAQ Global Select Market and the NASDAQ Capital Market. Companies listed on NASDAQ, such as Facebook, Inc., Alphabet Inc., and Netflix, are often leaders in their respective fields, and the exchange has partnerships with organizations like the National Association of Corporate Directors and the Society for Corporate Governance. The exchange is also a key player in the venture capital industry, with companies like Kleiner Perkins, Sequoia Capital, and Andreessen Horowitz having invested in companies listed on the exchange.

Market Indices

NASDAQ is perhaps best known for its family of market indices, including the NASDAQ Composite Index, the NASDAQ-100 Index, and the NASDAQ Biotechnology Index, which provide a benchmark for the performance of the exchange and its listed companies. The NASDAQ Composite Index is a broad-based index that includes all of the companies listed on the exchange, while the NASDAQ-100 Index is a narrower index that includes the 100 largest and most actively traded companies on the exchange, including Apple Inc., Microsoft, and Amazon (company). The exchange also calculates a range of other indices, including the NASDAQ Financial-100 Index and the NASDAQ Technology Index, and has partnerships with organizations like the S&P Dow Jones Indices and the FTSE Russell.

Trading

Trading on NASDAQ is facilitated by a range of different systems and platforms, including the NASDAQ Market Center and the NASDAQ OMX PHLX, and the exchange provides a range of services to its members, including trade reporting, clearing and settlement, and market data services. The exchange is also a major provider of electronic trading services, with a range of different platforms and systems available to traders, including Bloomberg Terminal and Thomson Reuters Eikon, and has partnerships with organizations like the CME Group and the Intercontinental Exchange (ICE). In addition to its core trading services, NASDAQ also provides a range of other products and services, including options trading and futures trading, and is closely tied to other major financial institutions, such as Goldman Sachs, Morgan Stanley, and JPMorgan Chase. The exchange is also a key player in the high-frequency trading industry, with companies like Virtu Financial and Citadel LLC trading on the exchange. Category:Stock exchanges in the United States