Business Term of the Week

Hey guys,

This week's business term of the week is NASDAQ. You're probably familiar with or have heard of the term/acronym. If yo pay attention to the stock exchange you have very well seen this before it. It stands for National Association of Securities Dealers Automated Quotations. So what is NASDAQ and what does it do? Well, the National Association of Securities Dealers Automated Quotations, known as NASDAQ, is an American stock exchange. It is the largest electronic screen-based equity securities trading market in the United States. With approximately 3,800 companies and corporations, it has more trading volume per hour than any other stock exchange in the world. Pretty exciting stuff. If you have not checked it out yet, take a peek at your iPhone. It is built in.

Definition of 'Nasdaq'

A global electronic marketplace for buying and selling securities, as well as the benchmark index for U.S. technology stocks. Nasdaq was created by the National Association of Securities Dealers (NASD) to enable investors to trade securities on a computerized, speedy and transparent system, and commenced operations on February 8, 1971. The term “Nasdaq” is also used to refer to the Nasdaq Composite, an index of more than 3,000 stocks listed on the Nasdaq exchange that includes the world’s foremost technology and biotech giants such as Apple, Google, Microsoft, Oracle, Amazon, Intel and Amgen.


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