The NASDAQ Exchange is a limited liability company and a corporation that supplies a method for traders to perform stock orders for stock brokers, institutional investors and on-line stock purchasers. The NASDAQ Exchange was formed in 1971 by the National Association of Securities Dealer to fill a requirement for reporting stocks that were not an excellent fit in the routine stock market. The NASDAQ reports on nonprescription stocks for thousands of stocks not provided on the other exchanges. By the 1990s NASDAQ exceeded in terms of listings the AMEX Exchange.
In order to trade on the NASDAQ the trader and members have to be certified and accept the bylaws of NASDAQ Inc. In 1999 NASDAQ combined with AMEX to form the NASDAQ-Amex Group. By 2000 the National Association of Securities Dealers offered their interest in NASDAQ to private investors. See: NASDAQ Corporate Filings.
In addition to the $10 million fine, Nasdaq actually already agreed to pay $62 million to the brokers who lost money since of the issues. Even that has not sufficed to placate the firm that was injured the most, UBS, which contends that it lost $356 million due to the fact that of Nasdaq’s errors. UBS has stated it plans to seek more money from Nasdaq through arbitration.
Apple Inc. is the darling of NASDAQ. It trades under the stock ticker AAPL. If you have been living on a remote island somewhere in a cave, Apple is the designer, manufacturer and marketer of iMac computer systems, software application, phones and, through its subsidiaries a range of products that support Apple main line of items. In September, 2005 Apple shares were in the vicinity of $48. As of the close of company on August 31, Apple deserves in the range of $138 a share. The distinct element of Apple is simply when you think it has topped out and is dawdling it creates some surprise and it is off and running once again. It is a darling since it has resilience and development.
Never ever to be forgotten is Microsoft. It trades under the stock ticker MSFT. What can you start about a company that brought information and technology to middle America, Africa, South America and the world. It is a stock that offers presently in the $28 range. It has debated in all corners, especially with law suits challenging this granddaddy of the Internet, however, it is an attempted and real long performer. It is the company that people like and hate. Microsoft will find it if there is innovation out there.