Monday, December 10, 2007
What Does NASDAQ Stand for?
If this question were asked in 1971, the answer would be that NASDAQ—then spelled with all capital letters—is an acronym standing for National Association of Securities Dealers Automated Quotations. But this automated quotation system quickly matured far beyond its original quote-service roots, evolving into what it is today—a major world stock market. Indeed, what NASDAQ "stands for" is not nearly as relevant as what The NASDAQ Stock Market has become known for, namely pioneering screen-based technology and an abundance of growth companies.
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