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 excellent reference to investors that need to know how the inventory marketplace is doing without economic expert services businesses, this provided that the index excludes money companies.
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Nasdaq was launched once the Securities and Trade Fee (SEC) urged NASD to automate the market for securities not outlined on an exchange. The end result was the 1st electronic trading system. Nasdaq opened for business enterprise in 1971.