New York Stock Exchange, London Stock Exchange, Tokyo Stock Exchange, Hong Kong Stock Exchange, National Stock Exchange India... whatever the regulation and the stocks handled they all have one thing in common. A trading floor. There will be cheers, shouts, and sighs. It includes several satellite offices around the trading floor and a large data center.
There is a stock exchange in the world that operates without a physical location. 100% digital stock exchange. A new-age stock exchange without a trading floor full of shouting brokers or systematic methods. The world calls it the National Association of Securities Dealers Automated Quotations NASDAQ. A stock exchange that only lists the parent companies of crypto exchanges, Google, Facebook, and Apple, As well as newer companies such as OpenAI, which created Chat GPT. Nasdaq has the power to make a millionaire or bankrupt in a single night even in our time. The second largest securities market by trading volume in the world after the New York Stock Exchange.
The history or size of the NASDAQ is not the subject of our video, so it explains how the NASDAQ cyber stock exchange works and who controls it. In the first segment, we will look at basic information about Nasdaq and in the second we will look at how companies are registered on Nasdaq and how their buy and sell orders are handled. Third is knowing who controls Nasdaq and the data center that Nasdaq guards like King Jong Un guards North Korea.
Nasdaq Quick Facts
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11, Wall Street, New York. That is the address of the trading floor of the New York Stock Exchange. At 10, Paternoster Square, London we can find the London Stock Exchange. The Tokyo Stock Exchange is located at 2-1 Nihonbashi Kabutocho in Shuo Region and the National Stock Exchange is located at G Block, Mumbai Bandra Kurla Complex. But if we hit Nasdaq's address, we won't find that kind of physical trading floor. Because there is no such thing. Nasdaq lives on computers. The Internet is its lifeblood. Nasdaq Securities Exchange is 100 percent digital.
In 1971, a group of stockbrokers and regulators in New York formed Nasdaq, the world's first electronic stock market. It operates under the rules of the Financial Industry Regulatory Authority, an American regulatory agency. The Nasdaq currently manages $34.59 billion worth of securities and stocks.
How Nasdaq Works
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Nasdaq operates a financial exchange program called Third Market Trading. This is a dealer market. No one can buy stocks and securities directly. Available only through dealers. First, let's understand the difference between a regular stock exchange and the Nasdaq,
Both the first market and the second market exist on a regular stock exchange. The primary market is when a company or institution makes an initial public offering on the stock exchange following the criteria. Common people are not allowed there. Only underwriting groups, including large investment banks, private funds, and the stock exchange, negotiate with each other and decide what the initial price of a stock should be.
The secondary market is trading where anyone can buy the stock through an exchange after the IPO. The secondary market is where 90 percent of the Glossary and events of a stock exchange take place, including intraday traders, long-term investors, options trading, and short-term and index funds. Specialists and common people who come to buy stock directly are here. Third-market trading is where this is no longer the case. That's where Nasdaq took hold and became the world's number one financial exchange agency.
Once qualified and listed on Nasdaq, the company cannot sell stock to the public directly or through market makers. These stocks are offered for sale to dealers or broker firms registered with Nasdaq. That is, it is not NASDAQ or the listed company that holds and sells the stock inventory, but these dealers. In a normal stock exchange, the sale is done in an auction market, while in NASDAQ, it is done in a dealer market. That is, on the stock exchange, the price of a stock that is in high demand goes up and the price of a stock that is not in demand goes down. Not so with the Nasdaq. A company will issue stocks to many dealers. These dealers will compete with each other by overselling and underselling.
To put it this way, the company offers two prices to dealers. The first is the offer price and the second is the demand price. The offer price is the price a company offers for its stock and securities in dollars per share.
Should I buy NASDAQ shares in India? Various brokerage firms are providing NASDAQ services based in India. Nasdaq ETFs can also be purchased through the IFSC subsidiary of the National Stock Exchange.
12 Indian companies listed on the Nasdaq include ICICI, HDFC, Infosys, Wipro, and MakeMyTrip.
15 окт 2024
