History
In 1963, the Japan Securities Dealers Association (日本証券業協会, Nippon Shōkengyō Kyōkai?) 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 (日本店頭証券, Nippon Tentō Shōken?) 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 JASDAQ, NEO, and Nippon New Market-Hercules markets to form the JASDAQ market.
Read more about this topic: JASDAQ Securities Exchange
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