NASDAQ stand for National Association of Securities Dealers Automated Quotations System, an American stock market. It was the world’s first electronic stock market founded in 1971 by National Association of Securities Dealer. NASDAQ is the largest electronic screen-based equity securities market in the United States.
With approximately 3,200 companies, it lists more companies and on average trades more shares per day than any other U.S. market .Its main index is the NASDAQ composite, which has been published since its inception. NASDAQ was also the first stock market to advertise to the general public, highlighting NASDAQ-traded companies (usually in technology) and closing with the declaration that NASDAQ is "the stock market for the next hundred years".
NASDAQ is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. "A computerized system established by the NASD to facilitate trading by providing broker/dealer with current bid and ask price quotes on over-the-counter stocks and some listed stocks "NASDAQ does not have a physical trading floor that brings together buyers and sellers. Instead, all trading on the NASDAQ exchange is done over a network of computers and telephones. Even NASDAQ does not employ market specialists to buy unfilled orders like the NYSE does .
The NASDAQ stock market comprises two separate markets, namely the NASDAQ National Market, which trades large, active securities and the NASDAQ Small cap Market that trades emerging growth companies .
Trading offers several advantages to NASDAQ-100 Index Tracking Stock investors:
Buy and sell at any time during the trading day, subject to any trading halts
instantly acquire a broad-market portfolio ability to buy on margin no sales loads, although brokerage commission rates will apply no high management and sponsor fees ability to sell short on a "downtick"
NASDAQ has a sliding fee system that offers lower liquidity removal fees and more favorable added-liquidity rebates based on how much trading volume the market participant executes on the NASDAQ system. Quote availability:
NASDAQ quotes are available at three levels.
Level I shows the highest bid and lowest offer — the inside quote.
Level II shows all public quotes of market makers together with information of market makers wishing to sell or buy stock and recently executed orders. Level III is used by the market makers and allows them to enter their quotes and execute order. The NASDAQ Stock Market recently announced plans to launch a new investor analytics service, Pinpoint Market Intelligence. NASDAQ is offering this service through its Shareholder.com subsidiary.
Pinpoint Market Intelligence is an informed analysis of institutional purchases and sales of a specific stock. This analysis of trading is provided on a confidential basis to the issuer and is used for ongoing measurement and benchmarking of investor relations program effectiveness, and prioritizing management and staff time spent with investors. Pinpoint Market Intelligence will be available to all public companies and delivered to NASDAQ-listed companies through the Market Intelligence Desk (MID).
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