NASDAQ enters bitcoin exchange
the full English name of NASDAQ is "National Association of Securities Dealers Automated Quotation", which is established and managed by the National Association of securities dealers (NASD). It is the world's first electronic trading market established in Washington in 1971< In fact, NASDAQ is not the second board market in the ordinary sense. Because it has absorbed many famous high-tech enterprises, and these high-tech enterprises are growing rapidly, NASDAQ gives people the impression of supporting start-ups
the original intention of the establishment of NASDAQ is to regulate the large-scale OTC trading in the United States, so NASDAQ has been used as a supplement to the New York Stock Exchange (NYSE). Advanced and huge electronic information technology has made NASDAQ the largest invisible trading market in the world.
the full English name of NASDAQ is "National Association of Securities Dealers Automated Quotation", which is established and managed by the National Association of securities dealers (NASD). It is the world's first electronic trading market established in Washington in 1971< In fact, NASDAQ is not the second board market in the ordinary sense. Because it has absorbed many famous high-tech enterprises, and these high-tech enterprises are growing rapidly, NASDAQ gives people the impression of supporting start-ups
the original intention of the establishment of NASDAQ is to regulate the large-scale OTC trading in the United States, so NASDAQ has been used as a supplement to the New York Stock Exchange (NYSE). Advanced and huge electronic information technology has made NASDAQ the largest invisible trading market in the world
Association of Securities Dealers Automated
quotation", is established and managed by the National Association of securities dealers (NASD). It is the world's first electronic trading market established in Washington in 1971
in fact, NASDAQ is not the second board market in the ordinary sense. Because it has absorbed many famous high-tech enterprises, and these high-tech enterprises are growing rapidly, NASDAQ gives people the impression of supporting start-ups
the original intention of the establishment of NASDAQ is to regulate the large-scale OTC trading in the United States, so NASDAQ has been used as a supplement to the New York Stock Exchange (NYSE). Advanced and huge electronic information technology has made NASDAQ the largest invisible trading market in the world< There are two sectors in Nasdaq: the national market (NNM) and the small capital market (nscm) established in 1992. At the beginning of its establishment, NASDAQ's target was small and medium-sized enterprises, but it was only because the scale of enterprises became larger and larger with the changes of the times. So today, NASDAQ has divided itself into a "main board market" and a "small and medium-sized enterprise market"
NASDAQ has its own market maker system (market
maker). They are some independent stock dealers, who undertake the buying and selling of a certain stock for investors. This institutional arrangement is particularly important for those stocks with lower market value and fewer transactions. These market makers are members of NASD, which is consistent with the way TSE sponsors are formed. For every stock listed on Nasdaq, at least two or more market makers should quote prices for its stock, and the number of market makers for some larger and more active stocks can reach 40-45. These market makers include Merrill Lynch, Goldman Sachs, Salomon Brothers and other world-class investment banks. Now, more and more NASDAQ is trying to make the stock of listed companies trade at the optimal price and protect the interests of investors through this market maker system.
NASDAQ is the first electronic securities market in the world, and the fastest growing market among the major stock markets in the world. The number and trading scale of listed companies exceed that of New York market
however, with the widespread application of electronic trading today, for traders, the boundary between the two markets is becoming more and more blurred
Nasdaq stock exchange is different from OTC and OTCBB. Although they are all managed by NASD. OTC securities are those securities that are not listed on NASDAQ or any domestic securities exchange market. OTCBB is a quotation medium, which displays the real-time quotation, recent transaction price and trading volume of OTC listed stocks. OTCBB securities include domestic, regional and foreign officially issued vouchers, documents, and US entrusted collection documents. OTCBB is a quotation medium for the appointed members, not a service of listing and issuing. It can not be confused with NASDAQ or the U.S. stock market. OTCBB securities are traded by the Committee of the market maker, and quoted and returned through a highly complex and closed computer network. All this is achieved through the NASDAQ workstation. Nasdaq stock market has no business connection with those issuers in OTCBB market, and these companies have no document or report requirements with Nasdaq stock market Co., Ltd. or National Association of securities dealers< On February 20, 2014, NASDAQ OMX group, the operator of the Nasdaq Stock Exchange, submitted a regulatory document on Wednesday, saying that it is planning to launch the so-called "stop switch" mechanism to completely terminate the trading of its member enterprises when the preset limit is broken
after many influential accidents, risk control has become a major concern of the securities instry. In August 2012, Knight capital group issued a large number of wrong orders to the New York Stock Exchange e to a software error, which led to the company's near bankruptcy. Later, it was acquired by rival getco and became part of the new KCG holding company
before the accident, Knight capital group was one of the largest execution enterprises of securities trading orders in the United States. This error caused the company to lose $461 million, highlighting the risk in a high-speed, almost completely electronic market< In September 2013, the chairman of the U.S. Securities and Exchange Commission convened the heads of major U.S. exchanges to Washington, D.C., and asked them to come up with a mechanism to completely terminate trading among a set of reform measures aimed at making the market safer and investors more comfortable. In September, shortly before the meeting, another software failure led to a complete suspension of trading of stocks listed on the Nasdaq stock exchange for up to three hours
according to the document released by the US Securities and Exchange Commission through its website on Wednesday, the Nasdaq stock exchange plans to provide the so-called stop switch function from March 1, 2014. Members of the exchange can use this tool to set a position size limit that they can afford; When the limit is approaching, the enterprise will receive an e-mail warning from the exchange. If the limit is exceeded, the stop mechanism will be triggered, all transactions of the enterprise will be stopped, and the outstanding orders that have been submitted to the system before will be cancelled
if you want to re authorize the execution of transactions after this stop mechanism is triggered, member enterprises need to contact the Nasdaq Stock Exchange and explain why the limit has been broken and why the execution of re authorized orders is safe for the exchange
in December 2013, the New York Stock Exchange, which is under the name of the Intercontinental Exchange Group, proposed to launch the trading stop mechanism; Bats global market, the second largest U.S. exchange operator, has launched a similar mechanism
