December 14, 2006
What’s NASDAQ?
Created in 1971, the Nasdaq was the world’s first electronic stock market. The Nasdaq is a computerized system that facilitates trading and provides price quotations on some 5,000 of the more actively traded over-the-counter stocks.
The term “Nasdaq” used to be capitalized “NASDAQ” as an acronym for National Association of Securities Dealers Automated Quotation. In recent times, the acronym was dropped, and Nasdaq is now used as a proper noun.
The Nasdaq is traditionally home to many high-tech stocks. The big ones include Microsoft, Intel, Dell and Cisco.
More words from Investopedia.
