**History of Nasdaq**:
– Founded in 1971 as the first electronic stock market.
– Initially a quotation system, later added trade and volume reporting.
– Formed intercontinental linkage with the London Stock Exchange in 1992.
– Accused of price-fixing in 1996, leading to new rules for order handling.
– Attracted many companies during the dot-com bubble.
– Peak during the dot-com bubble in 2000, followed by a sharp decline.
– FINRA sold its stake in Nasdaq in 2000 and 2001.
– Became a public company in 2002 through an IPO.
– Merged with OMX in 2007, changing its name to NASDAQ OMX Group.
**Nasdaq Contract Specifications**:
– Nasdaq 100 futures traded on the CME.
– E-Mini Nasdaq 100 and Micro E-Mini Nasdaq 100 futures traded on EMiniCME.
– Contract sizes vary for Nasdaq 100, E-Mini Nasdaq 100, and Micro E-Mini Nasdaq.
– Tick size is 0.25 for all three contracts.
– Tick value differs for each contract, with the largest being $25 USD.
**Nasdaq Market Information**:
– Nasdaq quotes available at three levels with varying depths of information.
– Real-time quotes crucial for active traders globally.
– Nasdaq averages about 253 trading days per year.
– Market tiers: Capital Market (NASDAQ-CM small cap), Global Market (NASDAQ-GM mid cap), Global Select Market (NASDAQ-GS large cap).
– Each tier has specific listing requirements and market capitalization criteria.
**Nasdaq Corporate Profile**:
– Market cap of $23.414 trillion as of February 2024.
– Lists over 4,000 companies.
– Second-largest stock exchange by market capitalization.
– Owns the Nasdaq Nordic stock market network.
– Main indices include Nasdaq-100 and Nasdaq Financial-100.
**Comparison with NYSE**:
– Nasdaq is the second-largest US stock exchange with a market cap of $19 trillion.
– Nasdaq founded in 1971, younger than NYSE.
– Nasdaq is all-electronic, while NYSE has both electronic and trading floor systems.
– NYSE uses an auction market, Nasdaq uses a dealer market.
– Listing fees on Nasdaq are lower compared to NYSE.
Parts of this article (those related to new all-time highs in 2020) need to be updated. (August 2023) |
The Nasdaq Stock Market (/ˈnæzdæk/ ⓘ (National Association of Securities Dealers Automated Quotations)) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange. The exchange platform is owned by Nasdaq, Inc., which also owns the Nasdaq Nordic stock market network and several U.S.-based stock and options exchanges.
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| Type | Stock exchange |
|---|---|
| Location | New York City, U.S. |
| Coordinates | 40°45′23″N 73°59′09″W / 40.7565°N 73.98576°W |
| Founded | February 8, 1971 |
| Owner | Nasdaq, Inc. |
| Currency | United States dollar |
| No. of listings |  4,061 (Feb 2024) |
| Market cap |  US$23.414 trillion (Feb 2024) |
| Indices | |
| Website | www |
