Nasdaq. A computerized system established by the NASD to facilitate trading by providing broker/dealers with current bid and ask price quotes on over-the-counter stocks and some listed stocks. Unlike the Amex and the NYSE, the Nasdaq (once an acronym for the National Association of securities Dealers Automated Quotation system) 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. Also, the Nasdaq does not employ market specialists to buy unfilled orders like the NYSE does. The Nasdaq began when brokers started informally trading via telephone; the network was later formalized and linked by computer in the early 1970s. In 1998 the parent company of the Nasdaq purchased the Amex, although the two continue to operate separately. Orders for stock are sent out electronically on the Nasdaq, where market makers list their buy and sell prices. Once a price is agreed upon, the transaction is executed electronically.
Related information about National Association of Securities Dealers Automated Quotations system:
- What is National Association of Securities Dealers Automated ...
Definition of National Association of Securities Dealers Automated Quotations system: Nasdaq. A computerized system established by the NASD to facilitate ...
- National Association of Securities Dealers Automated Quotation ...
(Economics, Accounting & Finance / Stock Exchange) National Association of Securities Dealers Automated Quotations System. ThesaurusLegend: Synonyms ...
- NASDAQ Stock Market - Stock Quotes - Stock Exchange News ...
Official site of The NASDAQ Stock Market featuring free stock quotes, stock exchange prices, stock market news, and online stock trading tools.
- Nasdaq Definition | Investopedia
A computerized system that facilitates trading and provides price quotations on more than 5000 of the more actively traded over the counter stocks. Created in ...
- HowStuffWorks "How the NASDAQ Stock Exchange Works"
... the NASDAQ stock exchange, also known simply as the NASDAQ, which stands for National Association of Securities Dealers Automated Quotations System.
- NASD: Definition from Answers.com
... some exchange-listed securities. The system is known as NASDAQ, an acronym for National Association of Securities Dealers Automated Quotations system.
- Stock prices Facts, information, pictures | Encyclopedia.com articles ...
National Association of Securities Dealers Automated Quotations (System) ( Nasdaq). Gale Encyclopedia of U.S. Economic History | 2000 | COPYRIGHT 2000 ...
- Additional Online Resources
National Association of Securities Dealers Automated Quotations System ( Nasdaq) is owned and operated by the National Association of Securities Dealers.