What is the 'Nasdaq National Market Securities - Nasdaq-NM'

The NASDAQ National Market Securities - Nasdaq NM is the market comprising more than 3000 companies that have a national or international shareholder base, meet stringent financial requirements and agree to specific corporate governance standards. The NASDAQ National Market is what most people refer to when they think about NASDAQ.

BREAKING DOWN 'Nasdaq National Market Securities - Nasdaq-NM'

To initially list on the NASDAQ National Market system, companies are required to have significant net tangible assets or operating income, a minimum public float of 1,100,000 shares, at least 400 shareholders and a bid price of at least $4.

Smaller companies that do not qualify for the NASDAQ National Market trade on the NASDAQ Capital Market. To list on the NASDAQ Capital Market, companies are required to have a net income standard of $750,000, a minimum public float of 1,000,000 shares, at least 300 shareholders, and a bid price of at least $4.


NASDAQ is an acronym for National Association of Securities Dealers Automatic Quotation System, which is an electronic stock exchange system providing OTC stock quotes to the public. Currently, more than 4000 common stock issues are actively traded on the NASDAQ system.

NASDAQ is the largest electronic stock exchange in the world, and the second largest in the U.S., after the New York Stock Exchange. Established in 1971 as successor to OTC curb trading, NASDAQ has the highest trading volume of any exchange in the world, which typically results in a more volatile trading environment than most traditional stock exchanges. In June 2006, NASDAQ became recognized as a stock exchange by the SEC.

Now a standalone corporation, NASDAQ, Inc. was originally owned by the National Association of Securities Dealers, which eventually merged with the NYSE regulatory board to become became the Financial Industry Regulatory Authority.  

In addition to the NASDAQ stock market, as of 2018, NASDAQ, Inc. is also the owner and operator of several stock exchanges in Europe, including the Armenian Stock Exchange, the Copenhagen Stock Exchange, the Iceland Stock Exchange, the Riga Stock Exchange, and the Tallin Stock Exchange. NASDAQ, Inc. also owns and operates the NASDAQ OMX Group, which owns and operates stock exchanges based in Helsinki, Stockholm and Vilnius, Lithuania.

  1. Nasdaq Capital Market

    The Nasdaq Capital Market is a listing tier for small cap companies. ...
  2. NASDAQ Global Select Market Composite

    NASDAQ Global Select Market Composite is a market capitalization-weighted ...
  3. Listed

    Listed is the status of being included and traded on a given ...
  4. Nasdaq

    Nasdaq is a global electronic marketplace for buying and selling ...
  5. FTSE NASDAQ 500 Index

    The FTSE NASDAQ 500 is one of four indexes in the FTSE NASDAQ ...
  6. C

    A Nasdaq stock symbol indicating the issuer has been granted ...
Related Articles
  1. Insights

    How Nasdaq Makes Money

    NASDAQ provides a marketplace which offers money-making opportunities to investors. Investopedia explains how NASDAQ makes money.
  2. Investing

    Why Do Companies Choose NASDAQ for Their IPO?

    The NYSE is known for its prestige so why do some companies opt to list on the NASDAQ instead?
  3. Investing

    Strategies To Trade The Nasdaq Index

    The Nasdaq is by far the best-known technology index in the world, and there are plenty of strategies to trade on the Nasdaq using ETFs and options.
  4. Investing

    Top 4 ETFs to Track the Nasdaq as of June 2018

    Investors seeking exposure to the tech sector may want to check out these Nasdaq ETFs.
  5. Tech

    Nasdaq CEO Hints at Future Cryptocurrency Exchange

    Nasdaq may consider becoming a cryptocurrency exchange, pending regulation.
  6. Know Your Shareholder Rights

    Common-stock owners have numerous privileges and should be vigilant in monitoring a company.
  7. Insights

    Getting to Know the Stock Exchanges

    Here are the answers to all the questions you have about stock exchanges but are too afraid to ask.
  8. Trading

    Where Will the Nasdaq Go Next? It Depends on Apple

    A lot is riding on Apple's big product launch, both for its stock and the Nasdaq.
  1. Move from an OTC to a major exchange

    In order to move a company from over-the-counter market to a major exchange, a number of conditions must be met to being ... Read Answer >>
  2. How do a corporation's shareholders influence its Board of Directors?

    Find out how shareholders can influence the activity of the members of the board of directors and even change official corporate ... Read Answer >>
  3. What can shareholders vote on?

    Understand the usual voting rights of common stock shareholders, along with the importance of shareholders exercising their ... Read Answer >>
Hot Definitions
  1. Inflation

    Inflation is the rate at which prices for goods and services is rising and the worth of currency is dropping.
  2. Discount Rate

    Discount rate is the interest rate charged to commercial banks and other depository institutions for loans received from ...
  3. Economies of Scale

    Economies of scale refer to reduced costs per unit that arise from increased total output of a product. For example, a larger ...
  4. Quick Ratio

    The quick ratio measures a company’s ability to meet its short-term obligations with its most liquid assets.
  5. Leverage

    Leverage results from using borrowed capital as a source of funding when investing to expand the firm's asset base and generate ...
  6. Financial Risk

    Financial risk is the possibility that shareholders will lose money when investing in a company if its cash flow fails to ...
Trading Center