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Finance Management | "NASDAQ (National Association of Securities Dealers Automated Quotations) "

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NASDAQ

(National Association of Securities Dealers Automated Quotations)

- by Karna Jalan *

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Since there is no trading floor where the NASDAQ operates, the stock exchange built the NASDAQ Market Site in New York's Times Square to create a physical presence.
The tower has a large outdoor electronic display, giving current financial information 24 hours a day. The company also has a studio here where it broadcasts financial market updates.

Trivia

Despite the high tech image of NASDAQ, squirrels have brought down the electronic exchange twice. A squirrel knocked out the power in 1994, and the NASDAQ system failed to roll over to its battery backup, causing an interruption in trading of one half hour. In 1987, a squirrel entered a transformer and caused a power surge, halting trading for 82 minutes.

Number of Companies Listed on the Exchange

The total number of companies listed on NASDAQ Stock Exchange is 3,361 out of which 333 companies are Non-U.S. companies.

Leading Index of NASDAQ

NASDAQ Composite Index

The NASDAQ Composite Index (Symbol: COMP) measures all NASDAQ domestic and international based common type stocks listed on The NASDAQ Stock Market. The Composite is one of the most widely followed and quoted major market indexes in the U.S.

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* Contributed by: -
Karna Jalan,
1st Year, ICFAI Business School,
Hyderabad


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