The National Association of Securities Dealers Automated Quotations, or NASDAQ, is a U.S. stock exchange that provides the technology to bring together securities dealers and investors in an efficient market. NASDAQ was founded by the National Association of Securities Dealers (now known as FINRA) in 1971; when it first opened for trading on February 8, 1971, it was the world’s first electronic stock market. Today NASDAQ offers a diverse list of stocks from companies around the globe: Apple Inc., Google Inc., Microsoft Corporation and Facebook Inc. are just a few examples. NASDAQ is a market-driven, for profit organization. NASDAQ conducts its business the same way that other stock markets do: it offers an efficient marketplace where securities dealers and investors meet to make transactions in stocks, bonds, debentures and options. It also provides these participants with research products such as The Research Intelligence Group (TRIG) service which helps them understand developments about their investments before making trading decisions. The need for electronic trading was spurred by the growth of regional exchanges in North America after World War II; at this time there were many small competing firms but very few large ones. In order to compete on an equal footing with other traders who could access different exchange prices remotely over telephone lines or telegraph wires –
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