The NASDAQ is considered the second largest stock exchange after the New York Stock Exchange (NYSE). The NASDAQ full form is the National Association of Securities Dealers Automated Quotations. This stock exchange was founded on 8 February 1971. It plays a pivotal role in the stock exchange sector. The NASDAQ is one of the most renowned and technically advanced stock exchanges in the world. The buying and selling of the stocks takes place on the internet i.e. in online mode and everything is crystal clear. Read the complete blog to get more information on NASDAQ!
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NASDAQ Full Form: Origin
The NASDAQ stock market was established in 1971, it is an American stock exchange. The headquarters of NASDAQ is in New York City, US. NASDAQ, Inc. owns the National Association of Securities Dealers Automated Quotations. This stock exchange has a market cap of US dollars 20.13 trillion as of May 2023.
The NASDAQ electronic quotation system offers investors up-to-date bid and request prices for the OTC stocks. NASDAQ is completely online and this feature has completely transformed the stock trading system.
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Significance of NASDAQ
Mentioned below are the significant features of NASDAQ:
- NASDAQ has a global reach as it is a digital marketplace for investors and bidders.
- It is easily accessible to all investors around the globe.
- Market innovation is also one of the key features of NASDAQ.
- This stock exchange marketplace is known to attract tech giants.
- Electronic trading proves to be the game changer for the NASDAQ.
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