The NASDAQ-one hundred was initially calculated in January 31 of 1985 by NASDAQ and It's a modified capitalization-weighted index. This index has actually been of good reference to traders that need to know how the stock industry is accomplishing with out money services organizations, this on condition that the index excludes financial businesses.
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Nasdaq was released following the Securities and Exchange Commission (SEC) urged NASD to automate the market for securities not mentioned on an Trade. The end result was the initial electronic investing process. Nasdaq opened for small business in 1971.