Is NASDAQ an OTC market?

Question

People are telling me that the NASDAQ is an OTC market and isn't regulated. Is it true?

Answer 1

Yes, technically, the NASDAQ is an OTC market.

But, since it's basically owned & operated by the NASD (that's where the first 4 letters in NASDAQ come from, after all), it IS regulated by the SEC.

But so is every other American OTC market, too.

Answer 2

NASDAQ is a registered Stock Exchange, just like the NYSE or AMEX

and as such it is highly regulated and has the same reponsibilities as all other registered Exchanges in the US

At one time there were stocks listed on the major exchanges, or other securities were considered to be traded over the counter.

The NASDAQ came along and many companies paid to be listed on the NASDAQ and most major firms joined the exchange but did not give up there other memberships

YUMAN- Point of information - The curb exchange was the American Stock Exchange which became the AMEX

Answer 3

No. Not true. That's old news.

See http://en.wikipedia.org/wiki/Nasdaq

NASDAQ was the successor to the over-the-counter (OTC) and the "Curb Exchange" systems of trading. As late as 1987, the NASDAQ exchange was still commonly referred to as the OTC in media and also in the monthly Stock Guides issued by Standard & Poor's Corporation.