The NASDAQ Stock Market (i/ˈnæzˌdæk/), commonly known as the NASDAQ (currently stylized as Nasdaq), is an American stock exchange. It is the second-largest exchange in the world by market capitalization, behind only the New York Stock Exchange. The exchange platform is owned by The NASDAQ OMX Group, which also owns the OMX stock market network and several other US stock and options exchanges.
In 1972, NASDAQ stood for National Association of Securities Dealers Automated Quotations. NASDAQ was founded in 1971 by the National Association of Securities Dealers (NASD), which divested itself of NASDAQ in a series of sales in 2000 and 2001. NASDAQ is owned and operated by The NASDAQ OMX Group, the stocks of which were listed on its own stock exchange beginning July 2, 2002, under the ticker symbol NDAQ.
When the NASDAQ began trading on February 8, 1971, it was the world's first electronic stock market. At first, it was merely a quotation system and did not provide a way to perform electronic trades. The NASDAQ helped lower the spread (the difference between the bid price and the ask price of the stock) but was unpopular among brokerages which made much of their money on the spread.
The NASDAQ-100 (^NDX) is a stock market index made up of 107 equity securities issued by 100 of the largest non-financial companies listed on the NASDAQ. It is a modified capitalization-weighted index. The stocks' weights in the index are based on their market capitalizations, with certain rules capping the influence of the largest components. It is based on exchange, and it is not an index of U.S.-based companies. It does not have any financial companies, since these were put in a separate index. Both of those criteria differentiate it from the Dow Jones Industrial Average, and the exclusion of financial companies distinguishes it from the S&P 500.
The NASDAQ-100 began on January 31, 1985 by the NASDAQ, trying to promote itself in the shadow of the New York Stock Exchange. It did so by creating two separate indices: this index, which consists of Industrial, Technology, Retail, Telecommunication, Biotechnology, Health Care, Transportation, Media and Service companies, and the NASDAQ Financial-100, which consists of banking companies, insurance firms, brokerage houses and mortgage companies. By creating these two indices, the NASDAQ hoped that options and futures contracts would be created on them, and mutual funds would adopt them as their benchmarks.
(feat. Jahmali)
(Jahmali (Blak Twang))
Rotton!
Rotton! (YO!)
Rotton!
Rotton!
Rotton! (Yo, London and Jamaica)
Rotton! (Yo yo!)
(Chorus)
Why is it, so rotton?
(Tony Rotton alongside man like Jahmali yo)
Why is it, so rotton?
(Original ghetto true boy for the peoples army yo yo)
Why is it, so rotton? (That's all we do)
My people don't ask Tony Rotton (Don't ask me)
How is it, so rotton? (Don't ask Jahmali)
My people have you forgotten?
(Blak Twang)
You don't need to be worried 'bout what my name is
or if I'm famous
You should be concerned if your burnin' in haters with fire blazes
Feel the fire burn up ya charts, burn up ya playlist
Fire for the haters and fire for the fakers
Pump up the volume wake the neighbours
Brethren raise it, all o' the youth outta the ghetto break the cages
It's been ages, since you 'eard my style
But you know my style is rotton and you know rotton can't spoil yo
Nuff hard to switch tryna become rich
In District Six, sense lyrics an' chat bare foolishness
It's a holy puna and drop it from the bottom lips
I'm droppin' the programme like a microfish, check this
I'm still Thames Knick, still the thunder brick
Still bang like pots and pans in ya kitchen sink
Still don't snitch a whip, still rent, still carry a stink
And I'm still rotton so put it in print, yo yo
(Jahmali (Blak Twang))
(Chorus)
So rotton, so rotton (That's right)
My people have you forgotten
that it is, so rotton? (You know what tho')
My people have you forgotten
Why is it, so rotton?
My people don't ask Tony Rotton (Uh huh)
How is it, so bitter?
(Blak Twang)
Before you ask why, am I gettin' high like my blood pressure
Try lookin' into my eyes and seein' the world through my retina
Or step'a in my boots and see jus' how far it gets ya
In a low-budget area where the man, you feel inferior
Fear for your life from prejudice and stereotype
we're all alike, smoke, drink, cuss, fight, all in a night
Yeah right!
It's killers in the mist who share pipes and wear tights
There's healers in the mist who bear light and wear white
There's Jesus in the mist, there's demons in the mist
There's even them rowdy 'Gorillas In The Mist'
Why ya minds so milli, c'mon brethren don't be silly
Ghetto red hot and chilly, and the burnin' inner cities
Ya best might sta', miner 'a flash ya light'a
Mind the 'S' or one night snipers gon' dim out ya life, cha'!
How much longer will this madness last
before the youth should realise and raise up, and start to blast!
(Jahmali (Blak Twang))
(Chorus)
Why is it, so rotton
My people have you forgotten, (Yo yo)
that it is, so rotton?
My people have you forgotten (Jahmali)
Why is it, so rotton? (Tony Rotton...)
My people don't ask Tony Rotton (...And Jahmali)
Why is it, so rotton?
My people have you forgotten?
(Blak Twang)
It's gettin' diabolical, nuff of dem are comical
All they wanna do is chronicle, money jewels, and tight abdominals
They ain't sayin' nuttin' new, all they do is copy you
UH UH UH, brothers and sisters what's the World comin' to?
Ah public enemy number one, runnin' true
Chuck demons, vanity and bomb fire 'pon ya crew
JUS' who the ras' who wanna romp wit' the formidable?
Rottonostra, chart topper, proper untouchable
DEF, London, I represent for all of you
West, East, South, North and NW
The terrible terrorist 'ere to bring trouble to
phoney MPs chichin' man and bum-ruppin' BOO
Bomb them like barbeque, steam like green callao
SLEW them and then fry them like fish and vegetable
Don't make me vexed wit' you
don't mess with my vegetables
Don't mess with my seeds, my weeds or I'm gettin' you
(Jahmali)
(Chorus)
Why is it, so rotton?
My people have you forgotten
that it is, so rotton?
My people have you forgotten
Why is it, so rotton?
My people don't ask Tony Rotton
Why is it, so rotton?
My people have you forgotten?
So rotton, yeah
So rotton, yeah
So rotton
Tony, Tony, Tony Rotton
So help them Lord
Show them Lord
Help them Lord
Show them Lord
Help them Lord
(Chorus)
Why is it, so rotton?
My people have you forgotten
that it is, so rotton?
My people have you forgotten
Why is it, so rotton?
My people don't ask Tony Rotton
Why is it, so rotton?