Word: nasdaq
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Dates: during 1980-1989
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...over-the-counter stock market has not had many good days lately. So when prices were going up last Wednesday, the last thing traders needed was an unexpected 82-minute shutdown of the computerized NASDAQ system that provides quotations on over-the-counter stocks. The mysterious malfunction helped reduce that day's trading volume to 82.5 million shares, just over half the average activity...
...wrong. The problem was traced to a squirrel that is thought to have scampered onto a power line in Connecticut while carrying a piece of aluminum foil. That caused a power failure that cut off electricity to more than 2,000 area homes and businesses -- and knocked out NASDAQ computers in Trumbull, Conn. Traders may have lost a chance to make money, but at least their problem was only temporary. The squirrel was electrocuted...
...meet growing demand, electronic trading networks are reaching out internationally, in the first stages of what NASDAQ President Gordon Macklin calls a "global market for equities." That integration took a significant step forward in London last week. With much popping of champagne corks, exploding of fireworks and high jinks on the trading floor, the British financial community hailed the advent of Big Bang: the Oct. 27 abolition of a regime of fixed brokerage fees in existence since 1908, and their replacement by competitive commissions...
...excitement is not limited to the Big Board. Indeed, the highest flyers are smaller, fast-growing companies traded on the American Stock Exchange and the over-the-counter market. The Nasdaq (National Association of Securities Dealers Automated Quotations) composite index of OTC stocks rose a record 17 days in a row before it fell last Friday. The previous mark: eight consecutive days in April 1983. OTC shares took a pounding in 1984, but now they are rebounding almost as fast. Amex's Market Value index has jumped 9.6% in 1985, and the Nasdaq has shot up 12.6%. In the past...