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1961 Congress authorizes the Securities and Exchange Commission (SEC) to conduct a study of fragmentation in the over-the-counter market. The SEC proposes automation as a possible solution and charges the National Association of Securities Dealers, Inc. (NASD) with its implementation.
1971 February 8, the National Association of Securities Dealers Automated Quotation (NASDAQ) begins trading, with median quotes for 2,500 over-the-counter securities.
1980 NASDAQ® releases inside quotations, which promptly narrows displayed and published spreads on more than 85% of its securities. 1982 The National Market System (NMS) is created for NASDAQ’s 40 highest volume securities for up-to-the-minute reporting of trades. 1984 Small Order Execution SystemSM (SOESSM) automatically executes small orders against the best quotations, making greater volume and efficiency in trading possible. 1985 Iceland Stock Exchange ICEX established OM (Optionsmarknaden) starts derivatives trading in Stockholm NASDAQ-100® – Futures and Options are developed. NASDAQ began management of critical marketplace operations. 1986 NASDAQ opens fully redundant backup system to ensure reliable market. Apple and Microsoft list on NASDAQ. 1987 OM world's first publicly listed exchange SOM (Finland's Options Market) established NASDAQ Workstation®, in PC-based platform, gives traders a faster tool and greater flexibility in customizing their service. 1988 Danish options and futures trading starts in Copenhagen Exchange Advanced Computerized Execution SystemSM (ACES®) enables market makers to execute many orders automatically. 1989 The StockWatch Automated Tracking systemSM (SWATSM) is launched, bringing state-of-the-art sophistication to the evaluation of NASDAQ securities for abnormal activity.
1990 First automated securities trading system SAX at OM SelectNet® enhances opportunities to find and execute transactions at the best prices at greater volume. 1991 World's first integrated derivatives trading and clearing system at OM Introduction of NASDAQ International Service enables firms and investors around the globe to participate in the trans-Atlantic NASDAQ network during European trading hours. 1992 SmallCap stocks become subject to real-time trade reporting. 1993 Stockholm Stock Exchange becomes a limited liability company Riga Stock Exchange founded Vilnius Stock Exchange started trading NASDAQ develops three news indexes that enable investors to track key growth industries: biotechnology, computer and telecommunications. 1994 OM first exchange in Europe to accept remote members NASDAQ surpasses the New York Stock Exchange in yearly share volume. NASDAQ Workstation II® is unveiled, and the state-of-the-art surveillance tool, RADARSM, is introduced. 1995 Tallinn Stock Exchange founded Helsinki Securities Exchange (HAP) becomes a limited company NASDAQ launches the Institutional Investor Program 1996 Copenhagen Stock exchange becomes a limited company The NASDAQ Website - www.NASDAQ.com - begins operating, quickly becoming one of the most visited investor sites on the Internet. 1997 OM creates derivatives link network Merger of SOM (Finland's Options Market )and HAP -> HEX Ltd. The SEC approves NASDAQ's proposal to reduce the minimum quotation increment from 1/8 of a dollar to 1/16 of a dollar for stock trading above $10. New SEC Order Handling Rules begin to phase-in, narrowing spreads and enhancing market information. 1998 Merger of OM and Stockholm Stock Exchange -> OM Group Joint trading platform initiataige started on all the Nordic exchanges In conjunction with The Stock Exchange of Hong Kong, NASDAQ announces a partnership to provide investors worldwide with information about their respective markets on a new, joint Internet service. 1999 HEX and Finnish Central Depository form HEX Group Iceland Stock Exchange becomes a limited liability company NASDAQ becomes the world’s biggest stock market by dollar volume and repeatedly breaks share and dollar volume records. The NASDAQ-100 Index Tracking Stock® (QQQ®) launches and sees 2.6 million shares traded in the first two hours. NASDAQ initiates NASDAQ JapanSM and NASDAQ EuropeSM, and completes a cooperative agreement with the Stock Exchange of Hong Kong. NASDAQ opens MarketSite® in Times Square, NYC featuring high visibility broadcast studio and the largest, outdoor video screen in the world. The MarketSite houses a state-of-the-art digital broadcast studio that transmits approximately 100 live market updates by a host of networks including CNBC, Bloomberg TV, Reuters, NDTV Profit, CNBD India, Business Week TV and other financial networks to reach millions of viewers around the world with up-to-the-second market news. Dedicated NASDAQ technical and production staff provide real-time trading information to reporters 14 hours a day. NASDAQ launches NASDAQ Japan and NASDAQ Canada®.
TSE and Estonian Central Depository join -> TSE Group Joint Baltic List announced NASD membership votes overwhelmingly to restructure and spin off NASDAQ into a shareholder-owned, for-profit company.
HEX acquires strategic ownership of TSE Group
Common member and trading rules instituted in Nordic region
NASDAQ sets new share volume record — more than 3.19 billion shares traded. As part of its global expansion efforts, NASDAQ opens liaison office in Bangalore, India and acquires Easdaq to create NASDAQ EuropeSM.
NASDAQ becomes the first U.S. stock market to meet ISO 9001 quality standards. NASDAQ converts all equity securities to decimal pricing.
Formation of EDX derivatives exchange - OM and London Stock Exchange Riga Stock Exchange joins with Latvian Central Depository HEX becomes major shareholder of RSE Group ICEX and ISD (Icelandic Securities Depository) establish a joint holding company. NASDAQ launches SuperMontage® - the next generation market platform creating more transparency, access to liquidity and stable trading.
NASDAQ receives exchange status to become an independent, for-profit, self-regulatory organization. NASDAQ’s Market IntelligenceDesk® is invented as a one-stop-shop for listed companies to access real-time market information, combining state-of-the-art technology with a dedicated market expert.
Merger of OM and HEX Group -> OMHEX ONEQ and Fidelity partnership begins- INET joins NASDAQ's SuperMontage NYSE’s Rule 500 abolished – Switches gain momentum and NASDAQ surpasses NYSE in switch market cap each consecutive year-to-date.
Acquisition of Vilnius Stock Exchange OMHEX brand name changed to OMX Implementation of joint trading platform on all Nordic exchanges NASDAQ announces dual listing initiative and concurrently the decision of six New York Stock Exchange companies to dually list their stock on the NASDAQ and the NYSE. The six companies are Apache Corporation (NYSE: APA), Cadence Design Systems (NYSE: CDN), The Charles Schwab Corporation (NYSE: SCH), Countrywide Financial (NYSE: CFC), Hewlett-Packard (NYSE: HPQ) and Walgreens (NYSE: WAG). Google lists on NASDAQ NASDAQ announces BRUT integration developments NASDAQ and the Philadelphia Stock Exchange ® (PHLX ®) announce that options on the NASDAQ Composite Index ® will be listed and traded at the Philadelphia Stock Exchange. NASDAQ.com was recognized as one of the best financial portal and Exchange Traded Fund (ETF) Websites, as determined by editors of Forbes – one of the world's leading publishers of financial information. The NASDAQ-100 Index Tracking Stock (QQQ) is the First Foreign Listed Exchange Traded Fund to Trade in Mexico.
Merger of OMX and Copenhagen Stock Exchange Alternative market First North started The NASDAQ SmallCap MarketSM is renamed the NASDAQ Capital Market®. Sears Holdings Corporation (NASDAQ: SHLD) lists on NASDAQ. NASDAQ is the number-one performing public company in the U.S., delivering a 244% return to investors. NASDAQ DubaiSM opened in September 2005. NASDAQ acquires Carpenter MooreSM, management liability specialists, establishing NASDAQ insurance business as a top 10 provider of management liability insurance.
Launch of OMX Nordic Exchange brand (Stockholm, Helsinki and Copenhagen) Merger of OMX and Iceland Stock Exchange (incl. Icelandic Central Depository) NASDAQ's matched market share in NYSE-listed securities rises to a single day high. NASDAQ announces new IPO Cross that will benefit investors by providing fair executions at a single price that is reflective of supply and demand in the market. E-TRADE FINANCIAL switches to NASDAQ NASDAQ acquires Shareholder.Com, a leading investor relations provider to offer services to public companies. NASDAQ transitions to Exchange Status on May17th - NASDAQ receives unanimous SEC approval in January to operate as a national securities exchange, allowing NASDAQ to take the final steps needed to complete its separation from the NASD. NASDAQ OMX acquires GlobeNewswireSM for global press release distribution services. NASDAQ hosts first industry forum at the NASDAQ MarketSite in Times Square. The NASDAQ National Market was renamed the NASDAQ Global Market®. The NASDAQ Global Select Market® was created as a segment of the NASDAQ Global Market with the highest initial listing standards of any exchange in the world.
OMX acquires Armenian Stock Exchange NASDAQ is recognized as the best data provider among the world's securities exchanges for the second consecutive year.
The Boards of Directors of The NASDAQ Stock Market® and OMX® jointly announce that they have entered into an agreement to combine the two companies, creating the world's premier exchange and technology company. NASDAQ captures more U.S. ETF market share than any other U.S. exchange with total ETF volume at 54.1%. NASDAQ enters into a definitive agreement to acquire the Boston Stock Exchange (BSE), including the holding company (BSE Group), the Boston Equities Exchange (BEX), the Boston Stock Exchange Clearing Corporation (BSECC), and BOX Regulation (BOXR). Along with these businesses, NASDAQ will acquire an SRO (Self-Regulatory Organization) license for trading both equities and options. The NASDAQ Q-50 IndexSM is introduced — an innovative tool to track the securities that are next eligible for inclusion in the world-renowned NASDAQ-100 Index. NASDAQ’s INET acquisition clears and INET goes live. The NASDAQ Stock Market becomes the largest U.S. stock exchange. NASDAQ's matched volume in all U.S. securities was a record high 442.0 billion shares in 2007, an increase from 331.0 billion in 2006. NASDAQ acquires Directors DeskSM which provides technology to boards of public and private companies in the U.S. and abroad. NASDAQ begins offering Core Services to listed companies — a sampling of services designed to support public companies at no additional cost. NASDAQ hosts IPO Boot Camp - About 100 executives from 61 companies attended the one-day conference, which offered panels on everything from how to form a board of directors to selecting a banker. EQQQ - The NASDAQ Stock Market transferred sponsorship of EQQQ to PowerShares Capital Management. The NASDAQ-100 European Index Tracking Stock SM will be renamed the PowerShares EQQQ TM. The PowerShares EQQQ TM will continue to track one-hundred of the largest technology and non-financial service companies listed on The NASDAQ Stock Market.
NASDAQ completes its combination with OMX AB, creating the world's largest exchange company, The NASDAQ OMX Group, Inc. and becomes the first U.S. exchange to consolidate markets. The NASDAQ OMX Group® receives approval from the SEC for rules associated with the launch of its equity and index options market, the NASDAQ Options MarketSM. The NASDAQ OMX 100 IndexSM is introduced - a new global benchmark for the NASDAQ OMX Group comprised of the 100 largest companies listed on the combined exchanges of The NASDAQ OMX Group. The NASDAQ Stock Market wins the "Largest Exchange for ETFs" in the Americas award, as measured by dollar turnover, for the fourth consecutive year. NASDAQ also wins the recipient of the "Largest Exchange for ETFs" in the Americas award, as measured by share volume. NASDAQ Stock Market has captured for the first time a greater share of trading in NYSE-listed stocks than the New York Stock Exchange. The NASDAQ OMX Group, Inc. completes its acquisition of The Philadelphia Stock Exchange, expanding The NASDAQ OMX Group's presence in the derivatives market. The Philadelphia Stock Exchange, renamed NASDAQ OMX PHLX SM, is the nation's oldest stock exchange, and with this acquisition NASDAQ OMX® will operate the third largest options market in the U.S. Completed acquisition of the Boston Stock Exchange (BSE). NASDAQ OMX will use the new platform to launch a second U.S. equities market. The new entity was renamed NASDAQ OMX BXSM ("BX"). Futures contracts based on the NASDAQ-100 Index® crossed the 5/25 milestone - 500 million contracts traded/$25 trillion in notional value. The NASDAQ OMX Group, Inc. becomes a member of the S&P 500 Index, aligning the company with America's most prominent corporations. NASDAQ Market Replay - an extremely powerful replay and analysis tool - wins the coveted 2008 MAX Award in the Enterprise category. NASDAQ OMX is named Forbes Magazine’s 2008 Company of the Year. -$79 billion in market cap switched to NASDAQ from NYSE and Amex International Derivatives Clearing Group, LLC (IDCG) announced that the Commodity Futures Trading Commission (CFTC) has approved its application as a derivatives clearing organization (DCO). The application was filed on August 25, 2008. This approval paves the way for IDCG's clearinghouse to begin clearing OTC Interest Rate Swap Contracts before the end of 2008. Nordpool The combined companies will launch a new offering, 'NASDAQ OMX Commodities,' based on Nord Pool's energy and carbon derivatives products. The regulated exchange, Nord Pool ASA, will remain a separate entity while clearing operations and all international products listed on Nord Pool ASA will be accounted for within NASDAQ OMX. PMI and Bloom The NASDAQ OMX Group, Inc. acquired Chicago-based Bloom Partners, a leading market intelligence firm. NASDAQ OMX AdvantageSM launches giving NASDAQ an affinity program that leverages NASDAQ OMX’s unique network of listed companies. NASDAQ OMX Advantage provides companies listed on NASDAQ OMX Exchanges and their employees with exclusive online access to discounts on products and services from a diverse group of fellow listed companies. NASDAQ OMX Europe begins operations. NASDAQ will eliminate the upper case fifth letters in its symbols and replace them with its Integrated Platform suffixes. NASDAQ OMX Indexes created 53 new indexes NASDAQ OMX Indexes created 16 new ETFs tied to NASDAQ OMX Indexes NASDAQ OMX Announces Pan-European Market for Blue Chip Stocks First Platform to Connect Liquidity Pools with Pan-European Routing Becomes a member of the S&P 500
NASDAQ Market Technology powers over 70 exchanges in 50 countries. CNCB names NASDAQ OMX as one of the leanest companies on the S&P 500 Index Ranked No. 42 on the list of Fortune’s 100 Fastest-Growing Companies Ranked as one of Business Week’s Top 50 Companies for 2009 NASDAQ OMX Rebrands Philadelphia Board of Trade to NASDAQ OMX Futures Exchange Global Data Products introduces NASDAQ Market Pathfinders – a new, real-time data feed provides unparalleled insight into the aggregated buying and selling patterns of well-informed market participants. Also recognized as the Best New Data Product of the Year by Inside Market Data. Launched a new segment on its First North growth market, called First North Premier Taiwan Futures Exchange and NASDAQ OMX Form Exchange Partnership NASDAQ OMX Europe launches Equity Investment Program NASDAQ OMX partnered with Rivel Research Group, a leading investment research group, to launch Waypoint, a product designed to give companies immediate and cumulative perception on investment community sentiment. Affinity Program partners with Google Affiliate Network Partnership to provide issuers and employees with access to additional retail offers currently on Google Affiliate Network from companies such as Sears, Kmart, The Great Indoors, MacConnections and IRobot. Morningstar is selected to provide equity research profile reports on all NASDAQ-Listed companies. Introduced the TotalView Preferred Partners program, an initiative that recognizes the top distributors of NASDAQ OMX's premier U.S. data feed. Introduced a new Secure Web Service for Premier subscribers of NASDAQ OMX Global Index Watch, a data service for key NASDAQ OMX stock, commodity and fixed-income indexes. A record 1.002 billion shares representing $9.2 billion were executed in the Closing Cross in 2.9 seconds across some 2,034 NASDAQ-listed stocks. This compares with 893.3 million shares in 5.0 seconds representing $12.0 billion executed during Russell's annual reconstitution in 2008. NASDAQ OMX Launches Market Replay Europe Launch of options trading on the NASDAQ China Index which is designed to track the performance of the largest Chinese companies whose securities are listed and actively traded in the U.S. Options trading on the NASDAQ China Index will begin trading today on NASDAQ OMX PHLX. NASDAQ OMX PHLX launched four new PHLX World Currency Options including the Mexican peso (XDM), New Zealand dollar (XDZ), South African rand (XEV) and Swedish krona (XEH). All four new currency options trade and settle in U.S. dollars and are exercised European-style. Selected as exchange technology provider to the Osaka Securities Exchange (OSE). OSE, the premier Japanese derivatives and securities exchange, will deploy a NASDAQ OMX-based platform for derivatives trading. New Exchange Traded Fund (ETF), NASDAQ-100 ETF begins trading. The ETF, issued by Sweden-based HQ Bank, is based on the NASDAQ-100 Index and includes 100 of the largest domestic and international securities listed on The NASDAQ Stock Market in the U.S.
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1790 First stock exchange in the US. 1808 First securities exchange in the Nordics, Copenhagen Securities Exchange starts trading. 1971 First fully electronic stock market in the world. 1987
World's first publicly listed exchange. 1991 World's first integrated derivatives trading and clearing system at OM. 2001 First U.S. stock market to meet ISO 9001 quality standards. 2008 First U.S. exchange to consolidate markets with the combination of NASDAQ and OMX AB.
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