Website: www.nasdaq.com
NASDAQ is the world's first electronic stock exchange and the largest of the world's four major stock exchanges, the other three being the Tokyo Stock Exchange, the London Stock Exchange, and the New York Stock Exchange. It was established on February 8, 1971, by the National Association of Securities Dealers (NASD) to regulate the chaotic over-the-counter market and provide a financing platform for small businesses. NASDAQ's website is www.nasdaq.com.
As one of the world's most important capital markets, Nasdaq attracts numerous well-known companies, including tech giants such as Apple, Microsoft, Amazon, and Google, as well as leading companies from various industries. It not only provides companies with financing channels but also offers investors a wealth of investment opportunities.
The establishment of Nasdaq marked the beginning of a new era for capital markets. Prior to this, stock trading primarily took place in over-the-counter markets, resulting in low efficiency and severe information asymmetry. Nasdaq's electronic trading platform significantly improved trading efficiency, reduced transaction costs, and enabled more investors to participate in the market.
In addition to providing a trading platform, Nasdaq is committed to market innovation and regulation. It has introduced a series of advanced trading mechanisms and market rules, such as the market maker system and auction system, to ensure market fairness and transparency. At the same time, Nasdaq continuously strengthens market supervision, combats market manipulation and fraud, and protects investor interests.
Over time, Nasdaq's influence has continued to expand. It not only holds a significant position in the US market but also plays a crucial role globally. By connecting with partners around the world, Nasdaq provides multinational corporations with access to international capital markets and offers global investors diversified investment options.
In conclusion, as the world's first electronic stock exchange, Nasdaq has not only achieved remarkable success in technological innovation and market development, but has also made significant contributions to global economic development. Its successful experience provides valuable lessons for the capital market reform and development of other countries and regions.
