Nasdaq is an electronic trading market for buying and selling securities that began operations in 1971. This was almost 200 years after the New York Stock Exchange was established in 1792. It was originally created by the National Association of Securities Dealers (NASD), but dissolved that relationship in 2006 and merged with Scandinavian exchange OMX in 2007 to become the world’s largest electronic exchange.
Unlike the New York Stock Exchange, the Nasdaq does not have a trading floor and trades are made through investment firms otherwise known as market makers, who maintain inventories of securities. Market makers buy and sell from their own inventories to fulfill investor trades. There are more than 500 broker-dealer firms in the U.S. that are Nasdaq market makers.
The Nasdaq Composite is the index of approximately 3,200 stocks that trade on the Nasdaq exchange. While over 50% of the companies in the index are technology companies, all industries are represented in the Nasdaq.
Jemma Everyday Wisdom: Many investors look to the performance of the Nasdaq index to gauge the performance of technology and high-growth companies.
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IMPORTANT NOTICE
You are now leaving the Jemma Investment Advisors, LLC Website and will be entering the Charles Schwab & Co., Inc. ("Schwab") Website. Schwab is a registered broker-dealer, and is not affiliated with Jemma Investment Advisors, LLC, or any advisor(s) whose name(s) appears on this Website. Jemma Investment Advisors, LLC is independently owned and operated. Schwab neither endorses nor recommends Jemma Investment Advisors, LLC. Regardless of any referral or recommendation, Schwab does not endorse or recommend the investment strategy of any advisor. Schwab has agreements with Jemma Investment Advisors, LLC under which Schwab provides Jemma Investment Advisors, LLC with services related to your account. Schwab does not review the Jemma Investment Advisors, LLC Website, and makes no representation regarding the content of the Website. The information contained in the Jemma Investment Advisors, LLC Website should not be considered to be either a recommendation by Schwab or a solicitation of any offer to purchase or sell any securities.
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