Definition: The NASDAQ is a modern stock exchange that consists of a highly computerized system that allows buyers and sellers of stocks to be paired together automatically. Unlike the New York Stock Exchange, there aren't floor brokers here.
TeenAnalyst Advice: The NADAQ is a completely electronic stock exchange. If you visited the NYSE, you'd see lots of people running around executing trades. But at the NASDAQ, you would just see an extensive computer center.The NASDAQ is overseen by its independent self-regulating organization, the NASD (National Association of Securities Dealers).NASDAQ stands for "National Association of Securities Dealers Automated Quotation." That's a mouthful!