What was the NASDAQ when it was founded in 1971?

1. The NASDAQ is the largest dealer market, its full name being the National Association of Securities Dealers Automated Quotation system. 2. It was the first electronic-based stock market, a telecommunications network linking dealers throughout the United States. 3. Founded in 1971 with origins in the over-the-counter market, it is today a separate securities exchange no longer part of that market. 4. Its electronic system gives faster transaction speeds than traditional floor markets, which is the main reason for its growth. _Source: OpenStax Introduction to Business (CC BY 4.0), Ch 16 "Understanding Financial Management and Securities Markets", section 16.7 Buying and Selling at Securities Exchanges_