The New York City based NASDAQ stock exchange was founded 50 years ago today. It began operations a few days later.
As the “Q” in the acronym would suggest, NASDAQ was originally an electronic Quotation system, helping to close the bid-ask spreads. Over time it evolved into the full-fledged stock exchange which we know today.
The idea of public ownership of companies via individuals holding shares, or stocks, of said companies traces back to Roman times. The Roman Republic contracted out many of its services to private companies, who issued stocks. Many Roman citizens owned and apparently traded stocks.
Do you trade on the NASDAQ?
Here is Gray’s map of New York City from 1880.
Steve Kovacs and his wife Theresa reside in Loveland, Ohio where they raised their two children. He is a passionate collector of antique maps.
Visit his antique map boutique world-on-paper online. Watch for his daily feature Steve Kovacs: Antique Maps & Fun Facts here on Loveland Beacon.