Former logo used from 1971 to 2014
“Nasdaq” was initially an acronym for the National Association of Securities Dealers Automated Quotations.It was founded in 1971 by the National Association of Securities Dealers (NASD), now known as the Financial Industry Regulatory Authority (FINRA). On February 8, 1971, the Nasdaq stock market began operations as the world’s first electronic stock market. At first, it was merely a “quotation system” and did not provide a way to perform electronic trades.
The NASDAQ Stock Market eventually assumed the majority of major trades that had been executed by the over-the-counter (OTC) system of trading, but there are still many securities traded in this fashion. As late as 1987, the Nasdaq exchange was still commonly referred to as “OTC” in media reports and also in the monthly Stock Guides (stock guides and procedures) issued by Standard & Poor’s Corporation. Over the years, it became more of a stock market by adding trade and volume reporting and automated trading systems. In 1981, Nasdaq traded 37% of the U.S. securities markets’ total of 21 billion shares. By 1991, Nasdaq’s share had grown to 46%.In 1992, the Nasdaq Stock Market joined with the London Stock Exchange to form the first intercontinental linkage of capital markets. In 1998, it became the first stock market in the United States to trade online, using the slogan “the stock market for the next hundred years”. The Nasdaq Stock Market attracted many companies during the dot-com bubble.
Its main index is the NASDAQ Composite, which has been published since its inception. The QQQ exchange-traded fund tracks the large-cap NASDAQ-100 index, which was introduced in 1985 alongside the NASDAQ Financial-100 Index, which tracks the largest 100 companies in terms of market capitalization.
On June 18, 2012, Nasdaq OMX became a founding member of the United Nations Sustainable Stock Exchanges Initiative on the eve of the United Nations Conference on Sustainable Development (Rio+20).
In November 2016, chief operating officer Adena Friedman was promoted to chief executive officer, becoming the first woman to run a major exchange in the U.S.
In 2016, Nasdaq earned $272 million in listings-related revenues.
In October 2018, the SEC ruled that the New York Stock Exchange and Nasdaq did not justify the continued price increases when selling market data.
In December 2020, NASDAQ announced that it would strip its indexes of four Chinese companies in response to Executive Order 13959.