The NASDAQ is a global electronic financial market where securities are bought and sold. However, more often the term is associated with the NASDAQ Composite, a benchmark index which gathers more than 3000 stocks listed on the Exchange, including some of the world most famous technology and biotech firms, like Apple, Google or Amazon.
This market was created in 1971 in order to enable investors to trade securities on an electronic, computerized, speedy and transparent system.
In fact, at the time when it was introduced, financial systems were inefficient and slow: the technological advancements of the NASDAQ were used in the following years as models for the modernization of all financial markets worldwide.
In 1990s the NASDAQ Composite was the protagonist of the so-called dot-com bubble, which eventually burst at the beginning of the new millennium.