donderdag 7 januari 2010

The Nasdaq.

The Nasdaq Stock Market, known as the Nasdaq, is an American stock exchange. When it was founded in 1971, it was called the National Association of Securities Dealers Automated Qoutations. With approximately 3.700 companies and corporations, it does not just has the biggest trading volume of all the American stock exchanges, it has the biggest trading volume of the whole world. The companies who are on this exchange, are technological companies.

The Nasdaq went through some rough days when they had to close for three days as a result of the 9/11 terrorist attacks. But it also has some very good days. In 2007 and 2008 it took over the OMX and Philadelphia Stock Exhchange. OMX is one of the biggest Swedish stock exchanges and the Philadelphia Stock Exchange was the oldest American stock exchange, but since they were bought buy another, they lost this title to the Dow Jones. The company that own the Nasdaq is called the Nasdaq OMX group, that has not always been their name ,but when they took over the OMX they changed it into this name. They also tried to buy London Stock Exchange, the LSE, but they rejected an offer of 2,4 billion dollars.

The Nasdaq is by far the most technological advanced stock exchange of the world. Where on ever other stock exchange market people run around spreading the latest news by screaming, all at the same time, the Nasdaq is fully digitalised. All the latest news and development is displayed on several hundreds of television screens.

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