Market Terminology

NASDAQ - National Association of Securities Dealers Automated Quotations System

The second largest stock exchange in the US, specialising in high-tech and internet-related companies, such as Microsoft. The movements of the NASDAQ can have a significant effect on the UK markets, particularly the recently-launched techMARK index of technology, media and telephony companies.

New Issue

A company that is floated on the stock market for the first time. Offering shares to the investment public is a way of raising capital for further expansion. Also known as the Initial Public Offering (IPO).

NYSE-New York Stock Exchange

The largest and oldest US stock exchange