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Random information on the term “CISCO”:
The Nasdaq Stock Market (/ˈnæzˌdæk/ (listen), also known as Nasdaq) is an American stock exchange. It is the second-largest stock exchange in the world by market capitalization, behind only the New York Stock Exchange located in the same city. The exchange platform is owned by Nasdaq, Inc., which also owns the Nasdaq Nordic (formerly known as OMX) and Nasdaq Baltic stock market network and several U.S. stock and options exchanges
“Nasdaq” was initially an acronym for the National Association of Securities Dealers Automated Quotations. It was founded in 1971 by the National Association of Securities Dealers (NASD), which divested itself of Nasdaq in a series of sales in 2000 and 2001. The Nasdaq Stock Market is owned and operated by Nasdaq, Inc., the stock of which was listed on its own securities exchange on July 2, 2002, under the ticker symbol NDAQ.
The Nasdaq Stock Market began trading on February 8, 1971. It was the world’s first electronic stock market. At first, it was merely a “quotation system” and did not provide a way to perform electronic trades.[not in citation given] The Nasdaq Stock Market helped lower the spread (the difference between the bid price and the ask price of the stock) but was unpopular among brokerages which made much of their money on the spread.