NASDAQ digital currency trading

Yes, if the company is listed on Nasdaq, the stock can be traded

NASDAQ requires that the net assets of listed companies should not be less than US $75 million, and the total income in the latest year should not be less than US $75 million

in terms of income standard, the pre tax income in the latest year should not be less than 750000 US dollars. Of course, when a company is listed for trading, there are other conditions, and when the total market value of a company is more than 40 billion, even if it has been losing money for many years, it will not affect the normal trading of shares

for example, even the domestic Jingdong is a typical case, Jingdong Logistics has been losing money for more than 10 years, but it can still be listed on NASDAQ

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extended information:

the process of Chinese companies listing and trading stocks in the U.S. NASDAQ:

first of all, to trade stocks in the U.S. Nasdaq, you must first open a U.S. stock trading account. Of course, it's most reassuring for me to go to the U.S. in person, but the cost ratio is high, so it's not realistic for non professional investors to use this method, Therefore, it is suggested that the securities should be handled through the domestic offices or branches of US securities companies or Hong Kong Securities Companies (with US stock agency qualification), and brokers should provide services

the online agent platform is troublesome because it involves the problem of private to public transfer, and many platforms are intermingled with good and bad, with low credibility. Because there is no broker, the service quality can not be guaranteed, so it is not recommended to use it

The Nasdaq market allows market makers to trade directly through the telephone or Internet, rather than in the trading hall. Moreover, most of the transactions are related to new technologies, especially computers. It is the first electronic securities trading market in the world. NASDAQ has its own market maker system, they are some independent stock dealers, for investors to buy and sell a stock

over the counter OTC: refers to the non listed or listed securities, which are not traded in the exchange but traded in the over-the-counter market. Instead, they are privately traded at a price higher or lower than the price specified in the supply and marketing meeting or with other conditions (such as matching inferior goods, barter, etc.). Also known as & quot; Shop trading & quot; Or & quot; Over the counter trading & quot

2. Trading system. NASDAQ has a strong strength in market technology, it uses efficient & quot; Electronic trading system & quot ECNs) has installed 500000 computer terminals all over the world to transmit comprehensive quotations and the latest trading information of more than 5000 kinds of securities to dealers, fund managers and brokers in all corners of the world. However, these terminals can not be directly used for securities trading. If securities brokers and dealers outside the United States want to trade, they generally need to obtain market information through the computer terminal, and then notify the member companies of the National Association of securities dealers in the United States by telephone to carry out relevant transactions. Due to the adoption of computerized trading system, the management and operation cost of NASDAQ is low and the efficiency is high. At the same time, it also increases the openness, liquidity and effectiveness of the market

3. Market maker. NASDAQ has its own market maker system. They are some independent stock dealers who take the responsibility of buying and selling 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 VSE sponsors are formed. For every stock listed on Nasdaq, at least two or more market makers should quote for it; There are 40-45 market makers in some large and active stocks. On average, there are about 11 market makers in non-U.S. companies. In the whole Nasdaq market, there are about 500 market makers, of which 11 are active on the main board. These market makers include Merrill Lynch, Goldman Sachs, Salomon Brothers and other world-class investment banks. Now NASDAQ is increasingly trying to make the shares of listed companies trade at the optimal price through this market maker system, while protecting the interests of investors

5. Transaction report. The market maker must report to the National Association of securities dealers authorities every transaction completed in the market (block stock) within 90 seconds after the transaction. The trading information of the trading quantity and price is then forwarded to computer terminals all over the world. The information in these trading reports will be used as the basis for the audit of the National Association of securities dealers in the future

The listing process of the company in Nasdaq:

1. Form a consulting team

the company should form a listing advisory team including investment banks, legal advisers and accountants. The legal adviser selected by the company must be qualified to practice in the United States. Similarly, the company should consider whether it has rich experience in securities business

2. Due diligence

with the assistance of the listing consultant team, the company will conct comprehensive and in-depth e diligence on the company's management, operation, finance and legal affairs

3. Registration approval

the securities law of the United States requires that securities must be registered with the Securities Regulatory Commission before they are issued to the public, and a detailed prospectus must be provided to the public investors. Registration and approval is the core stage of listing. The SFC will declare the prospectus effective after examining and approving the final draft of the prospectus

4. Promotion roadshow

after registration, the company can promote sales with the assistance of investment banks, including roadshows. Once the offering price is determined, the IPO will take effect two days after the investors receive the formal prospectus

the original stock trading rules are the principle of good faith:

as long as the application company adheres to the principle of good faith, listing is sooner or later, but time and good faith will determine everything

generally, listing takes 4 to 8 weeks, and requires documents such as prospectuses and prospectuses

extended information:

conditions for listing on NASDAQ:

(1) net assets of more than US $4 million

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