Based on market capitalization, the NASDAQ Stock Market is considered to be the second largest exchange in the world. The venture is often referred to as just NASDAQ and is even stylized as Nasdaq. It is an American/Canadian stock exchange.
The company is headquartered in New York City, New York. It is best known for providing the infrastructure, tools and strategic insights for capital-market opportunities. It operates under three market tiers, namely the NASDAQ Capital Market, the NASDAQ Global Market and the NASDAQ Global Select Market. These three tiers represent various companies with highly diverse market capitalization-weighted index. It was the first electronic stock market and opened its trading in February 1971.
The name NASDAQ is an acronym, which stands for National Association of Securities Dealers Automated Quotations. The NASDAQ has a market capitalization of more than $8.5 trillion. It is listed as one of the components of the Wilshire 5000 Index.