Established in 1971 as the world’s first electronic stock market, today Nasdaq serves millions of investors around the globe. It is the fastest growing stock market in the US, and is the leading American market for foreign listings, too. No wonder four of the top investor publications—The Wall Street Journal, Barron’s, The New York Times, and Investor’s Business Daily—devote more space to Nasdaq tables than to the NYSE or any other domestic market tables.
This section provides an in-depth, behind-the-scenes look at the driving forces behind Nasdaq and its success.
Two features distinguish The Nasdaq Stock MarketSM from traditional markets: competing Market Makers and advanced technologies. Nasdaq’s structure is based on multiple Market Makers—independent dealers—competing for investors’ orders in an electronic trading market created through a sophisticated computer and telecommunications network. The advantage of multiple Market Makers helps explain why Nasdaq is the market of choice for U.S.-based public companies by nearly 2:1 over NYSE, and why Nasdaq is the leading American market for foreign listings.
The Nasdaq Backgrounder gives you an overview of Nasdaq performance, corporate structure, Market Makers, and more. Link to the Nasdaq Trader Web site to get a brief description of Nasdaq Workstation II ®—which is the primary device for trading Nasdaq® stocks.
Evolution Of Nasdaq provides a historical market perspective and traces the history of The Nasdaq Stock Market.