The NASDAQ-one hundred was to start with calculated in January 31 of 1985 by NASDAQ and It's a modified capitalization-weighted index. This index has long been of good reference to traders that need to know how the stock current market is carrying out devoid of financial companies providers, this given that the index excludes fiscal companies.

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Nasdaq was released once the Securities and Exchange Commission (SEC) urged NASD to automate the market for securities not listed on an Trade. The end result was the primary electronic trading system. Nasdaq opened for business in 1971.