answersLogoWhite

0


Best Answer

In the late 1960's The National Association of Securites Dealers who were in charge of the Over the Counter Market were under pressure from the Security and Exchange Commission to make trades in that market more transparent and more efficient. It was decided to automate trades in Over the Counter securites using computers in order to take out the human element and possible corruption out of the system. The NASD contracted the consulting firm of Arthur D Little in Cambridge Massachusetts to design the world's first electronicaly automated and computer controlled securities trading system. Arthur D. Little company contracted the Bunker Ramo corporation of Stamford Connecticut to build and maintain facilities for the large mainframe computers to run the system. Initial tests were done to the satisfaction of all around the summer/fall of 1971. Thus was created NASDAQ

User Avatar

Wiki User

15y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

16y ago

1971

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What year was nasdaq founded?
Write your answer...
Submit
Still have questions?
magnify glass
imp