NASDAQ, the National Association of Securities Dealers Automated Quotations, is an American stock exchange. It is the largest electronic screen-based securities trading market in the United States. What is the authority that oversees NASDAQ operations and regulations?
Explanation
NASD, or the National Association of Securities Dealers, is the self-regulatory organization of the securities industry responsible for the operations and regulations of NASDAQ, the stock market, and over-the-counter markets. It also administers exams for investment professionals.
Key Takeaway: With approximately 3,800 companies and corporations, NASDAQ has more trading volume per hour than any other stock exchange in the world. Hence, the role played by NASD is extremely important in regulating NASDAQ. In 2007, NASD merged with the New York Stock Exchange's regulation committee to form the Financial Industry Regulatory Authority, or FINRA in order to perform their responsibilities better.
