Cisco Systems Opens The NASDAQ Stock Market -- Virtually, From Its Silicon Valley Headquarters; Networking Technology Enables First-of-Its-Kind NASDAQ Virtual Opening Outside of the Times Square MarketSite.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif. -- In 34 years of existence, The NASDAQ Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. has opened its 8,684 trading days in a familiar fashion. Guests such as the President of Nathan's Famous Nathan's Famous is a chain of U.S.-based fast food restaurants specializing in hot dogs. The original Nathan's stands at the corner of Surf and Stillwell Avenues in the Coney Island neighborhood of the New York City borough of Brooklyn. Hot Dogs, tennis player Serena Williams Serena Jameka Williams, (born September 26, 1981) is an American former World No. 1 ranked female tennis player who has won eight Grand Slam singles titles and an Olympic gold medal in women's doubles.[1]. , comedian Jimmy Fallon, Treasury Secretary Snow, even Donald Trump  Editing of this page by unregistered or newly registered users is currently disabled due to vandalism. and his "Apprentice," to name a few, have rung
the opening bell from NASDAQ's MarketSite studio in New York's
Times Square to mark the beginning of the trading day. Today, from 2,500
miles away with a three-hour time difference, Cisco Systems CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. John
Chambers and 2,000 Cisco employees will "virtually" open The
NASDAQ Stock Market from the company's San Jose, Calif.,
headquarters, marking the first time in NASDAQ NASDAQin full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on history the ringing of the celebratory bell has occurred outside of the Big Apple. Together, Cisco and NASDAQ have re-created the MarketSite including a replica blue video wall and electronic podium to mirror the NASDAQ opening and closing bell ceremonies. Using a high-speed, dual-path and highly-secure private IP network, data is routed from NASDAQ's New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of MarketSite to Cisco's Silicon Valley virtual MarketSite, where display servers process and format real-time ticker and price quote information. The data will be displayed on a giant video wall consisting of 32 monitors. Simultaneously, NASDAQ will bring a piece of California to Times Square, with the ceremony broadcast live on the NASDAQ Tower in New York. Cisco's Chambers, joined by his employees and NASDAQ president and CEO, Bob Greifeld, will 'ring the NASDAQ bell' from San Jose at 6:30 a.m. PDT PDT abbr. Pacific Daylight Time PDT Pacific Daylight Time PDT n abbr (US) (= Pacific Daylight Time) → hora de verano del Pacífico PDT signifying the opening of trading for the day and in celebration of the close of Cisco's 20th anniversary year. The virtual open event caps off a year of commemoration marking Cisco's 20-year history of giving back to the community, technology innovation and industry leadership. "We are excited to partner with NASDAQ to create the first-ever virtual open of the NASDAQ market site and to mark the culmination of our celebration of 20 years of Cisco innovation," said John Chambers, president and CEO, Cisco Systems. "The NASDAQ virtual open is a prime example of how the network and Cisco technology can enhance business productivity -- in this case bringing millions of investors together with leading companies regardless of time or physical location of the market." "As the first virtual stock market, NASDAQ has promoted the tenets of decentralization de·cen·tral·ize v. de·cen·tral·ized, de·cen·tral·iz·ing, de·cen·tral·iz·es v.tr. 1. To distribute the administrative functions or powers of (a central authority) among several local authorities. , openness and the use of technology to provide investors with the tools and services needed in a competitive trading environment," said Bob Greifeld, president and CEO, The NASDAQ Stock Market, Inc. "Cisco truly understands the power of a network and how technology has become a necessary part of everyday life beyond the financial markets. Today's virtual open and close ceremonies outside of NASDAQ's MarketSite studio illustrate how a robust network can bring investors real time NASDAQ market data and the unique MarketSite experience to San Jose." NASDAQ by design is a decentralized de·cen·tral·ize v. de·cen·tral·ized, de·cen·tral·iz·ing, de·cen·tral·iz·es v.tr. 1. To distribute the administrative functions or powers of (a central authority) among several local authorities. electronic market that can be opened anywhere. On average, the NASDAQ processes approximately 20,000 stock market transactions per second In a very generic sense, the term Transactions Per Second refers to the number of atomic actions performed by certain entity per second. In a more restrictied view, the term is usually used by DBMS vendor and user community to refer to the number of database transactions performed and nearly 12 million trades per day. The market open and market close are the busiest times in the trading day, in which NASDAQ's systems handle transaction peaks in excess of 20,000 transactions per second. For more information about the Cisco NASDAQ virtual market open including event photographs, Webcast details and a Q&A with John Chambers visit: http://newsroom.cisco.com/dlls/2005/hd_080505.html. About NASDAQ NASDAQ(R) is the largest electronic screen-based equity securities market in the United States. With approximately 3,200 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at www.nasdaq.com or the NASDAQ Newsroom at www.nasdaq.com/newsroom/. About Cisco Systems Cisco Systems, Inc. (Nasdaq:CSCO CSCO Cisco Systems Incorporated (stock symbol) CSCO Chief Supply Chain Officer ), the worldwide leader in networking for the Internet, celebrates 20 years of commitment to technology innovation, industry leadership, and corporate social responsibility. Information about Cisco can be found at http://www.cisco.com. For ongoing news, go to http://newsroom.cisco.com. Cisco, Cisco Systems, and the Cisco Systems logo are registered trademarks or trademarks of Cisco Systems, Inc. and/or its affiliates in the United States and certain other countries. All other trademarks mentioned in this document are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company. This document is Cisco Public Information. |
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