JASDAQ
JASDAQ, formerly the JASDAQ Securities Exchange is one of the sections of the Tokyo Stock Exchange. It was formerly an independent stock exchange.
JASDAQ is not related to NASDAQ in the United States, but has operated an electronic trading system similar to NASDAQ.
History
In 1963, the Japan Securities Dealers Association 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 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.
On April 1, 2010, the Osaka Securities Exchange acquired the JASDAQ Securities Exchange, and merged it with OSE's NEO and Nippon New Market-Hercules markets to form the "new" JASDAQ market.