What Do The Letters NASDAQ Stand For?

NASDAQ is the abridged form for 'National Association of Securities Dealers Automated Quotations' system. Nasdaq is an American electronic stock exchange started in the year 1971 by the NASD National Association of Security Dealers. IT is the property of The Nasdaq Stock Market and is also operated by it.

It is supposed to be the largest electronic screen-based equity securities market in America. It has around 3,200 companies listed on it. The existing chief administrative officer is Robert Greifeld. Upon its launch in 1971 it was the world's first ever electronic stock market. Initially it had a simple looking computer bulletin board system and could not connect buyers and sellers. Later on NASDAQ developed more as a stock exchange by putting together trade and volume reporting and by adding automated trading systems.

NASDAQ stands for the National Association of Securities Dealers Automated Quotations system. It was the world first electronic stock exchange that was started in the United States of America in the February of 1971. The National Association of Securities Dealers (NASD) is said to be responsible for founding this trade giant. Presently its ownership is in charge of The Nasdaq Stock Market, Inc.

In America it's the biggest electronically operated screen-based market dealing with equity securities and trades the most number of shares every single day than any other trade frim in the US. It has about 3200 companies listed on its rolls. When it first stared advertising it made it a point to mention all the firms that were on its lists. It was so sure about its succes that almost all of its advertisements ended with 'the stock market for the next hundred years.'