Everything about NASDAQ (National Association of Securities Dealers Automated Quotations)
National Association of Securities Dealers Automated Quotations (NASDAQ) is the second largest security exchange in the world. It was founded on February 8, 1971 at One Liberty Plaza 165 Broadway New York by the National Association of Securities Dealers (NASD) now known as the Financial Industry Regulatory Authority (FINRA).
Nasdaq was the world’s first fully electronic stock market and was established to provide an electronic alternative to the prevailing structure of stock exchanges, it used an automated information-gathering process to provide the latest prices for stock trades conducted elsewhere.
The Nasdaq Stock Market is generally open on weekdays from Monday to Friday, and is closed on Saturday and Sunday. Trading begins when the opening bell rings at 9:30 a.m. Eastern time. The regular session continues for six and a half hours and closes after the closing bell rings at 4 p.m. Eastern time. However, the Nasdaq also gives traders the chance to participate in special sessions before the regular session begins and after it ends. Premarket trading hours run from 4 a.m. to 9:30 a.m. Eastern time each weekday. After-market hours start at 4 p.m. and run through 8 p.m. Eastern time Monday through Friday. Nasdaq observes 9 holidays i.e., New Year’s Day, Martin Luther King Jr. Day, Presidents’ Day (Washington’s Birthday), Good Friday, Memorial Day, Independence Day, Labor Day, Thanksgiving Day and Christmas Day.
The Nasdaq Stock Market has three different market tiers i.e., Capital Market (NASDAQ-CM small cap), Global Market (NASDAQ-GM mid cap) and Global Select Market (NASDAQ-GS large cap).
