NASDAQ.


Often confused with the NYSE by novices, NASDAQ is less than half the size of its bigger brother with a $6 trillion market cap. NASDAQ is a global electronic marketplace for stocks loans and security lending. The platform was created by the National Association of Securities Dealers (NASD) and is considered the benchmark index of all U.S technology stocks. There are more than 3000 stocks listed on NASDAQ that include global tech corporations such as Microsoft, Apple, Google, Intel, Amazon and Oracle. NASDAQ was officially separated from NASD in 2006 when it began operating as a national securities exchange. In 2007, it merged with the Scandinavian exchange group OMX to form NASDAQ OMX. NASDAQ OMX currently powers 1 out of every 10 securities in the world today. Some of the markets that NASDAQ operates include; equities, fixed income, commodities and derivatives. NASDAQ also has five central securities depositories in the United States and Europe. In the United States, securities lending is more of an over-the -counter activity specifically in investment banks that are members of the Depository Trust Company which is the central securities depository. The regulation as stipulated by DTC is that only parties with a bilateral credit agreement can lend to one another. The central credit counterparty on the other hand processes a small share of securities lending volume.