STUDENT NAME

:-

ASHA .CH

ROOL NO

:-

08

SUBJECT

:-

INVESTMENT MANAGEMENT

LECTURER NAME : - HARISH SIR

NASDAQ
NASDAQ

Type Stock exchange

Location New York City, New
York,United States
Founded February 4, 1971
Owner NASDAQ OMX Group
Currency United States dollar
No. of listings 2,975 (January 2015)[
Market cap $8.5 trillion (July 2014)
Website www.nasdaqomx.com

Studio

The NASDAQ Stock Market (i/nzdk/), commonly known as theNASDAQ, is

an American stock exchange. It is the second-largest exchangein the U.S. and
world by market capitalization and trading volume. The exchange platform is
owned by The NASDAQ OMX Group, which also owns the OMX stock market
network and several other US stock and options exchanges.
Contents
History

Former logo
In 1972, NASDAQ stood for National Association of Securities Dealers
Automated Quotations NASDAQ was founded in 1971 by the

National

Association of Securities Dealers (NASD) which divested itself of NASDAQ in a

series of sales in 2000 and 2001. NASDAQ is owned and operated by the The
NASDAQ OMX Group, the stocks of which were listed on its own stock exchange
beginning July 2, 2002, under the ticker symbol NDAQ.
When the NASDAQ began trading on February 8, 1971, it was 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. [6] The NASDAQ helped lower the
spread (the difference between the bid price and the ask price of the stock) but was
unpopular among brokerages which made much of their money on the spread.
NASDAQ eventually assumed the majority of major trades formerly executed by
theover-the-counter (OTC) system of trading, although there are still numerous
securities traded in this fashion. As late as 1987, the NASDAQ exchange was still

commonly referred to as "OTC" in media and also in the monthly Stock

Guides issued by Standard & Poor's Corporation.
Over the years, NASDAQ became more of a stock market by adding trade and
volume reporting and automated trading systems. NASDAQ was also the first
stock market in the United States to start trading online, highlighting NASDAQtraded companies (usually in technology) and closing with the declaration that
NASDAQ is "the stock market for the next hundred years." Its main index is
the NASDAQ Composite, which has been published since its inception. However,
its exchange-traded fund tracks the large-cap NASDAQ-100 index, which was
introduced in 1985 alongside the NASDAQ 100 Financial Index.
Until 1987, most trading occurred via the telephone. During the October 1987
stock market crash, however, market makersoften did not answer their phones. To
remedy this, the Small Order Execution System (SOES) was established. SOES
provides an electronic method for dealers to enter their trades. NASDAQ requires
market makers to honor trades executed using SOES.
In 1992, NASDAQ joined with the London Stock Exchange to form the first
intercontinental linkage of securities markets. The National Association of
Securities Dealers spun off NASDAQ in 2000 to form a publicly traded company,
the NASDAQ Stock Market, Inc.
In 2006, the status of NASDAQ was changed from a stock market to a licensed
national securities exchange.
To qualify for listing on the exchange, a company must be registered with
the United States Securities and Exchange Commission (SEC), must have at least
three market makers (financial firms that act as brokers or dealers for specific

securities) and must meet minimum requirements for assets, capital, public shares,
and shareholders.
In February

2011,

in the

wake

of

an announced

merger

of NYSE

Euronext with Deutsche Brse, speculation developed that NASDAQ OMX

and Intercontinental Exchange (ICE) could mount a counter-bid of their own for
NYSE. NASDAQ OMX could be looking to acquire the American exchange's cash
equities business, ICE the derivatives business. As of the time of the speculation,
"NYSE Euronexts market value was $9.75 billion. Nasdaq was valued at $5.78
billion, while ICE was valued at $9.45 billion." Late in the month, Nasdaq was
reported to be considering asking either ICE or the Chicago Merc to join in what
would probably have to be, if it proceeded, an $1112 billion counterbid.[9]
The European Association of Securities Dealers Automatic Quotation System
(EASDAQ) was founded originally as a European equivalent to NASDAQ. It was
purchased by NASDAQ in 2001 and became NASDAQ Europe. Operations were
shut down, however, as a result of the burst of the dot-com bubble. In 2007,
NASDAQ Europe was revived as Equiduct, and is currently operating under Brse
Berlin
On June 18, 2012, NASDAQ 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 2013, NASDAQ OMX was approached by private equity firm Carlyle
Group about taking the exchange operator private, but the talks fell apart over a
disagreement on price.

Quote availability

NASDAQ quotes are available at three levels:

Level 1 shows the highest bid and lowest ask inside quote.

Level 2 shows all public quotes of market makers together with information
of market dealers wishing to buy or sell stock and recently executed orders.

Level 3 is used by the market makers and allows them to enter their quotes
and execute orders.

Trading schedule
NASDAQ has a pre-market session from 4:00 AM to 9:30 AM Eastern, a normal
trading session from 9:30 AM to 4:00 PM, and a post-market session from
4:00 PM to 8:00 PM.
Market tiers
NASDAQ has three different market tiers:

NASDAQ Capital Market (small cap) is an equity market for companies that
have relatively small levels of market capitalization. Listing requirements for
such "small cap" companies are less stringent than for other Nasdaq markets
that list larger companies with significantly higher market capitalization.

NASDAQ Global Market (mid cap) is made up of stocks that represent the
Nasdaq Global Market. The NASDAQ Global Market consists of 1,450 stocks
that meet Nasdaq's strict financial and liquidity requirements, and corporate
governance standards. The Global Market is less exclusive than the Global
Select Market.[17]

NASDAQ Global Select Market (NASDAQ-GS Large cap) is a market

capitalization-weighted index made up of US-based and international stocks
that represent the NASDAQ Global Select Market Composite. The NASDAQ
Global Select Market consists of 1,200 stocks that meet Nasdaq's strict
financial and liquidity requirements and corporate governance standards. The
Global Market Select is more exclusive than the Global Market. Every October,
the Nasdaq Listing Qualifications Department reviews the Global Market
Composite to determine if any of its stocks have become eligible for listing on
the Global Select Market.

NASDAQ Daily Market Statistics

Index Name

Index Value

NASDAQ Global Select Composite

2331.66
NASDAQ Global Market Composite
1924.35
NASDAQ Capital Market Composite
164.67
NASDAQ Composite
4995.98
NASDAQ-100
4422.02
NASDAQ-100 Equal Weighted Index
2699.31
NASDAQ-100 Ex-tech Sector
2405.19
NASDAQ-100 Technology Sector
2493.74
NASDAQ Financial-100
3195.96
NASDAQ Bank
2678.99
NASDAQ Biotechnology
3739.19
NASDAQ
Biotechnology
Equal
1071.32
Weighted
NASDAQ Computer
2526.06
NASDAQ Health Care
794.22
NASDAQ Industrial
4055.38
NASDAQ Insurance
6814.55
NASDAQ Other Finance
5915.14

Chang
e
9.76
13.89
1.55
21.41
18.07
10.40
11.74
8.06
3.02
.91
42.15

High

Low

2331.742319.60
1927.571914.48
164.67 163.43
4996.094970.02
4422.634394.38
2699.432685.12
2405.432386.78
2495.372483.61
3196.883188.73
2684.092673.03
3748.543696.58

-.65

1071.321071.32

9.47
7.95
9.98
-3.98
13.67

2526.122509.32
796.16 786.19
4057.744045.09
6841.296800.82
5918.125901.84

NASDAQ Telecommunications
NASDAQ Transportation

NASDAQ Global Market Summary

Total Share Volume
New Highs
New Lows
Advances
Declines
Unchanged
Total

Number of Block Trades

NASDAQ Total

274.58
1.60
274.83 272.51
2852.99
30.93 2852.992852.99
Data As Of: 4/10/2015 5:16:06 PM

1,478,916,459
114
25
1,622
1,118
140
2,880
Data As Of: 4/10/2015 5:16:06 PM

6,628
Data As Of: 4/10/2015 5:15 PM

NASDAQ 10 Most Active by Share Volume

Symbo
Chang
Company Name
Price*
l
e
Zynga Inc.
$ 2.49 0.11
Apple Inc.
$ 127.100.54
Intel Corporation
$ 31.93 0.69
Microsoft Corporation
$ 41.72 0.24
Sirius XM Holdings Inc.
$ 3.945 0.01
Cisco Systems, Inc.
$ 28.04 0.41
Micron Technology, Inc.
$ 28.02 0.20
Altera Corporation
$ 44.52 1.19
PowerShares QQQ Trust, Series 1
$ 107.750.44
Comcast Corporation
$ 59.81 0.22
VelocityShares Daily Inverse VIX Short$ 39.89 1.70
Term ETN
Symantec Corporation
$ 25.58 1.35
Facebook, Inc.
$ 82.04 -0.13
Applied Materials, Inc.
$ 22.50 -0.01

Share
Volume
42,418,180
38,919,910
27,711,063
27,451,462
23,470,071
22,929,694
19,473,693
16,362,383
15,844,533
15,737,885
14,137,109
12,651,048
12,202,761
11,833,380

American Airlines Group, Inc.

$ 47.73 -0.11 11,568,107
Windstream Holdings, Inc.
$ 7.99 -0.03 11,113,115
Frontier Communications Corporation $ 7.43 0.10 10,961,923
Mylan N.V.
$ 70.24 0.14 10,684,782
Extreme Networks, Inc.
$ 2.50 -0.74 9,774,131
Staples, Inc.
$ 16.72 0.32 9,441,176
Data As Of: 4/10/2015 4:15:00 PM
NASDAQ 15 Most Active by Dollar Volume
Symbo
Company Name
Price ChangeDollar Volume
l
Apple Inc.
$ 127.100.54 $5,102,112,894
PowerShares QQQ Trust, Series 1
$ 107.750.44 $1,845,759,116
Netflix, Inc.
$ 454.5715.07 $1,449,490,541
Microsoft Corporation
$ 41.72 0.24 $1,167,111,868
Facebook, Inc.
$ 82.04 -0.13 $1,025,727,005
Amazon.com, Inc.
$ 382.65-0.89 $984,129,882
Comcast Corporation
$ 59.81 0.22 $950,185,800
Gilead Sciences, Inc.
$ 101.770.61 $940,689,420
Intel Corporation
$ 31.93 0.69 $894,955,912
Tesla Motors, Inc.
$ 210.900.81 $856,400,997
Mylan N.V.
$ 70.24 0.14 $768,917,280
Google Inc.
$ 540.01-0.77 $758,793,431
Altera Corporation
$ 44.52 1.19 $736,840,503
QUALCOMM Incorporated
$ 69.16 0.35 $721,461,490
Google Inc.
$ 548.540.52 $715,826,598
Cisco Systems, Inc.
$ 28.04 0.41 $690,611,404
Baidu, Inc.
$ 214.79-3.68 $663,647,832
VelocityShares Daily Inverse VIX$ 39.89 1.70 $583,571,473
Short Term ETN
American Airlines Group, Inc.
$ 47.73 -0.11 $558,704,374
Citrix Systems, Inc.
$ 63.80 -0.85 $553,752,419
Data As Of: 4/10/2015 4:15:00 PM
"Data As Of" refers to the Closing Sale. Volume is updated throughout the after
hours market.
Note: Daily closing values are valid as of 5:15 p.m. ET.
Duplicate values disseminated after 5:15 p.m.

* All values included in the "Ten Most Active Share

Volume" are calculated using the NASDAQ Market Center
trades only.
The data on this page is updated independently. Please
note the time stamps for each section, as they may differ
from other sections.
Index Values are updated throughout the day on a real-time
basis. Any updates after 5:15 PM are duplicates.
NASDAQ Market Summary is updated throughout the
day on a delayed basis.
Block Trades figures are updated once a day (at approx. 8
AM, using data from the prior day).
NASDAQ 10 Most Active By Share Volume is updated
throughout the day on a delayed basis.
NASDAQ 15 Most Active By Dollar Volume is updated
throughout the day on a delayed basis.