An electronic quotation system that provides price quotations to market participants about the more actively traded common stock issues in the OTC market . About 4000 common stock issues are included in the Nasdaq system. Bloomberg Financial Dictionary
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The Nasdaq stock market is the second largest equity market in the US. It is screen-based, with multiple competing market-makers. The Nasdaq system is the market's electronic communications facility. Exchange Handbook Glossary
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National Association of Securities Dealers Automated Quotations; a system giving the prices of shares in smaller and newer companies that are traded Over The Counter (= directly between dealers on a national computer network rather than on a stockmarket) in the US. Nasdaq is officially known as the Nasdaq Stock Exchange
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The National Association of Securities Dealers' Automated Quotations System, formerly owned and operated by the National Association of Securities Dealers (NASD). NASDAQ is an electronic stock market based in New York listing many leading high-tech companies. The exchange's index - the NASDAQ Composite - has become an alternative benchmark to the DJIA.
■ www.Nasdaq.com ■
► See also High Tech Stock, DJIA.
Financial and business terms. 2012.