NASDAQ, stands for National Association of Securities Dealers Automated Quotation, and is the world's first electronic quote system that provides price quotes and supports trading for over-the-counter stocks. It began on February 8, 1971.
The NASDAQ is a dealer’s market as opposed to the auction market represented by the NYSE. The dealer has the ability to create or stimulate a market by purchasing some of the stock being offered and representing it to its own investors. This will often stimulate the movement of shares and encourage trading.
In terms of daily volume of shares traded, the NASDAQ is the largest securities exchange in the world.(abbreviation)
An example of NASDAQ is the trading of Coca-Cola stock under the name “COKE.”
See NASDAQ in Webster's New World College Dictionary
See NASDAQ in American Heritage Dictionary 4
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