Nasdaq
The Nasdaq Stock Market is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. 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. Although it trades stock of healthcare, financial, entertainment, retail, and food businesses, it focuses more on technology stocks. The exchange is made up of both American and foreign firms, with China and Israel being the largest foreign sources.
Some of the key events about Nasdaq
- 1971Became the world's first electronic stock market
- 1987Introduced the Small Order Execution System (SOES) to improve trading efficiency
- 1987Experienced a significant market crash known as "Black Monday"
- 1994Faced criticism for inadequate oversight of market makers
- 1998Merged with the American Stock Exchange (AMEX) to expand its market reach
- 2000Became a publicly traded company through its own initial public offering
- 2000Investigated for alleged price-fixing and collusion among market makers
- 2001Suffered reputational damage due to the dot-com bubble burst
- 2002Launched the Market Intelligence Desk to provide real-time market analysis
- 2003Settled charges of failing to deliver best execution to customers
- 2006Acquired the Philadelphia Stock Exchange to enter the options market
- 2006Fined for failing to produce email records during investigations
- 2007Purchased the Boston Stock Exchange to further expand its market presence
- 2008Acquired the Philadelphia Board of Trade to enter the futures market
- 2010Experienced the "Flash Crash" causing a brief but severe market plunge
- 2012Faced technical glitches during Facebook's initial public offering
- 2013Completed the acquisition of Thomson Reuters' investor relations business
- 2013Halted trading for three hours due to a technical malfunction
- 2015Acquired Dorsey, Wright & Associates to enhance its index business
- 2018Paid $26.5 million to settle charges of market surveillance deficiencies
Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.
