What Is the Nasdaq Stock Exchange? Definition, Importance & Top Companies

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The Street

By TheStreet Staff What Is the Nasdaq Stock Market?The Nasdaq Stock Market (or Nasdaq Exchange) is the world’s second-largest centralized equity marketplace after the New York Stock Exchange (NYSE). Debuted in February of 1971, the Nasdaq was the first all-electronic stock exchange. From the outset, it did not use a physical trading floor, instead opting for a transparent and speedy electronic trading system that reduced both bid-ask spreads and trading costs. As the Nasdaq grew in popularity, it become the de-facto home for technology-based growth companies in the U.S. This is partially due t…

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