The NASDAQ was established in 1971. Since early stock exchanges had been so successful with onthefloor trading, the NASDAQ decided not to implement electronic trading.

Name: The NASDAQ was established in 1971. Since early stock exchanges had been so successful with onthefloor trading, the NASDAQ decided not to implement electronic trading.
Brand: Quizplus
Rating: 4.7 (56 reviews)

Question

The NASDAQ was established in 1971. Since early stock exchanges had been so successful with on­the­floor trading, the NASDAQ decided not to implement electronic trading.

Quizplus · Accepted Answer

The statement is false. The NASDAQ was in fact the first electronic stock exchange, and was established with the intention of implementing electronic trading.

The NASDAQ Was Established in 1971