Word: nasdaq
(lookup in dictionary)
(lookup stats)
Dates: during 1971-1971
Sort By: most recent first
(reverse)
...Board members start trading heavily through NASDAQ, "Wall Street" would then be well on the way to becoming a nickname for an international computer network. Such a market would have both good and bad features. Because the costs of big trading would be lower, the mutual funds might find themselves under Government pressure to reduce the fees that they charge customers. On the other hand, the market would be so fast-moving that hardly anybody but professionals could keep up with it. That would give institutional investors an even greater advantage over individuals than they have in the present market...
...system goes by the cumbersome name of NASDAQ, for National Association of Security Dealers Automated Quotations. It was developed at a cost of $23 million by Bunker-Ramo Corp., and gives instant readings on 2,374 of the most actively traded stocks on the over-the-counter market. Another 200 will be added this month, and eventually as many as 20,000 of the approximately 50,000 over-the-counter stocks will be included. At present, NASDAQ lists only companies that have at least $1,000,000 in assets, 500 stockholders and a stock that sells for $3 a share...
There is no practical reason why NASDAQ cannot also show prices for stocks listed on the exchanges, except that exchange members are understandably opposed to the notion. Next month the board of governors of the securities dealers' association intends to consider whether-or more likely when-to include at least a sampling of listed stocks. If that idea takes hold, NASDAQ could in time shake the dominance of even the New York Stock Exchange in the securities market, because it will make off-board trading in listed securities more convenient for brokers-and perhaps cheaper for investors...