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Econ Essay

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Below is an essay on "Econ" from Anti Essays, your source for research papers, essays, and term paper examples.

November 29th, 2011
Mr. Rosenberg

Being a Stock Analyst I chose to research NASDAQ to see if the company is a good investment after all. First a little background on the company. NASDAQ is the second largest stock exchange in the world, just second to The New York Stock Exchange and it also has more trading volume than any other stock exchange in the world. It all started, when the company was founded on February 4th, 1971 by the National Association of Securities Dealers (NASD). Bernie Madoff is also a co- founder and former Chairman of NASD, The group operates the NASDAQ stock exchange out of New York City. It is the second largest stock exchange in the United States and owns and operates eight stock exchanges in Europe. When the company first started out, and started trading on February 8th, 1971 they were the first electronic stock market in the world, and everything was done by a computer bulletin board system. There were initially complaints from people claiming that it did not connect the buyers with the sellers, however over the years NASDAQ has become a bit more of a stock market by adding trade and reporting to automated trade systems. They also were one of the first in the United States stock market to start trading online. Up until 1987 NASDAQ has done most of its trading via telephone, but that all changed during the October 1987 stock market crash. In a later time, 2000 NASDAQ formed a publicly traded company and in 2006 they changed from stock market to become a licensed national exchange company. In 2007 NASDAQ bought the Philadelphia Stock Exchange for $652 million. The Philadelphia Stock Exchange is the oldest in the United States, having been operating since 1790.
As for the future of the corporation they tell their current and future investors and stock holders to be smart about financial planning and saving for a secure tomorrow. Stating that people should “ run the numbers” and if at all possible to work with a financial...

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