JASDAQ Securities Exchange

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The JASDAQ Securities Exchange (ジャスダック証券取引所, Jasudakku Shōken Torihikisho^?) is a securities exchange headquartered in Tokyo, Japan.

JASDAQ is not related to NASDAQ in the United States, but operates an electronic trading system similar to NASDAQ.

[edit] History

In 1963, the Japan Securities Dealers Association (日本証券業協会, Nippon Shōkengyō Kyōkai^?) set up an over-the-counter registration system for trading securities. This system was placed under the management of a private company, Japan OTC Securities (日本店頭証券, Nippon Tentō Shōken^?) in 1976.

The JASDAQ automated quotation system became operational in 1991.

In 2004, JASDAQ received a permit from the Prime Minister to reorganize as a securities exchange. It became the first new securities exchange in Japan in almost fifty years.