(National Association of Securities Dealers Automated Quotation) Market organized U.S. not officer, emerged from the study made for the Securities and Exchange Commision (SEC), on the transactions that took place out of the stock market. To raiz of this study the SEC came to the North American Association of Intermediaries Finanacieros (NASD) and you entrusted the creation of a market specialized in companies of reduced dimension with a profile of high growth potential, that is, those companies that usually for your size not were accepted in the NYSE. As a result of it, in 1971, was born the Nasdaq, a completely computarized system that, quickly, became a model of reference for the set of stock markets.