What Was the N♛asdaq National Market (Nasdaq-NM)?

The term Nasdaq National Market (Nasdaq-NM) referred to one of the market tiers of the Nasdaq. The Nasdaq-NM is what most people thought of when they referred to the Nasdaq. This tier was made up of more than 3000 companies whose base consisted of domestic and foreign 澳洲幸运5官方开奖结果体彩网:shareholders.

These companies also met stringent financial requirements and agreed to specific 澳洲幸运5官方开奖结果体彩网:corporate governance standards in order to ๊be included in this tier. The Nasdaq-NM was broken up into two new tiers in 2006, the Nasdaq Global Select Market and the Nasdaq Global Market.

Understanding Nasdaq Na🏅tional Market (Nasdaq-NM)

The Nasdaq is the largest electronic stock exchange in the world and the second-largest in the United States after the 澳洲幸运5官方开奖结果体彩网:New York Stock Exchange (NYSE). The exchange succeeded 澳洲幸运5官方开奖结果体彩网:over-the-counter (OTC) 澳洲幸运5官方开奖结果体彩网:curb trading and has the highest trading volume in the world. This typically results in a more volatile trading environment than many traditional stock exchanges. It became recognized as a stock exchange by the 澳洲幸运5官方开奖结果体彩网:Securities and Exchange Commission (SEC) in June 2006. More than 4♑,000 companies trade on the exchange.

The Nasdaq National Market was one of two tiers that made up the exchange. Each tier consisted of companies that met specific listing and regulatory requirements. The Nasdaq-NM consisted of roughly 3,000 actively traded mid- and large-cap companies. The second tier was called the Nasdaq SmallCap Market. As the name implies, it consisted of small-cap companies or those with the potential for growth.

On June 23, 2006, the exchange announced that it broke up the Nasdaq-NM into two different tiers, creating three new ones. The change was made in order to align the exchange with its international reputation. Each tier was given a brand new name:

• Nasdaq Capital Market: formerly known as the Nasdaq SmallCap Market for 澳洲幸运5官方开奖结果体彩网:small-cap companies
• Nasdaq Global Market: previously part of the Nasdaq National Market for about 1,450 mid-cap stocks
• Nasdaq Global Select Market: the newest tier, which was previously part of the Nasdaq National Market, and lists about 1,200 澳洲幸运5官方开奖结果体彩网:large-cap companies

Trading on the new third tier, the Nasdaq Global Select Market, officially began on July 3,💦 2006.

The listing and regulatory requirements for each tier are different and become more stringent. For instance, the Global Market ᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚtier re🍨quires companies to have:

• Significant net tangible assets or 澳洲幸运5官方开奖结果体彩网:operating income
• A minimum public float of 1,100,000 shares
• At least 400 shareholders
• A bid price of at least $4

Special Considerations

Smaller companies that do not qualify for the Nasdaq National Market trade on the 澳洲幸运5官方开奖结果体彩网:Nasdaq Capital Market. To list on the Nasdaq Capital Market, companies are required to have a 澳洲幸运5官方开奖结果体彩网:net income standard of $750,000, a minimum public float of 1,000,000 shares, at least 300 shareholders, an🐷d a bid price of at least $4 with an exception that has certain requirements.

Listing on the Global Select Capital Market requires a minimum of at least 450 round lot or 2,200 total shareholders, a float of 1,250,000 shares, and a minimum bid price of $4.

The Nasdaq

The Nasdaq was established in 1971. It was the first stock exchange that listed companies electronically. At one point, it had about 5,000 listed companies that were traded. It was originally owned by the 澳洲幸运5官方开奖结果体彩网:National Association of Securities Deal𒈔ers (NASD), which eventually merged with the NYSE regulatory board to become the 澳洲幸运5官方开奖结果体彩网:Fi💟nancial Industry Regulatory Authority (FINRA). It is now a standalone company. 

In addition to the stock market, as of 2021, the company also owns and operates several stock exchanges in Europe, including exchanges in Copenhagen, Helsinki, Reykjavik, Stockholm, Riga, Vilnius, and Tallinn.