Nasdaq is a trading platform, not a fund. It is an online global marketplace for buying and trading securities, including stocks, derivatives, fixed income, and commodities12.
- Functionality: Nasdaq operates as an electronic exchange, allowing buyers and sellers to interact and execute trades through a computerized system. It provides real-time quotes, market data, and trading facilities for a wide range of securities.
- Market Segments: Nasdaq comprises three tiers: the Nasdaq Global Select Market, the Nasdaq Global Market, and the Nasdaq Capital Market. The highest tier, the Nasdaq Global Select Market, lists large-cap stocks with the least stringent listing requirements. The Nasdaq Global Market lists mid-cap stocks, and the Nasdaq Capital Market is for smaller companies with less stringent requirements.
- Listing Requirements: Companies listed on Nasdaq must meet certain financial, governance, and liquidity standards. They must have a minimum bid price of $1.00, a minimum closing price of $1.00, and a minimum market capitalization of $50 million.
- Technology: Nasdaq's trading technology is used by over 100 exchanges in 50 countries, demonstrating its global reach and influence.
- Financial Performance: Nasdaq is the most active stock trading venue in the U.S. by volume and is the second-largest stock exchange by market capitalization, behind the New York Stock Exchange (NYSE).
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