NASDAQ began as a computer system that showed the prices of shares, especially in smaller and newer companies, that dealers bought and sold with each other over a national network rather than on a trading floor.

NASDAQ began as a computer system that showed the prices of sharesNASDAQ 一開始是一套顯示股價的電腦系統， especially in smaller and newer companies特別是比較小、比較新的公司的股價， that dealers bought and sold with each other over a national network rather than on a trading floor交易商透過全國性的網路互相買賣，而不是在交易大廳裡。

The name first stood for National Association of Securities Dealers Automated Quotations.

The name first stood for National Association of Securities Dealers Automated Quotations這個名字原本代表 National Association of Securities Dealers Automated Quotations（全國證券商協會自動報價系統）。

Though actually, today people use NASDAQ to mean the stock exchange itself, and many of the world’s biggest technology companies list there — so it is no longer only “small and new.” In news you hear the NASDAQ the way you hear the stock market, often as a number that went up or down.

Though actually, today people use NASDAQ to mean the stock exchange itself不過其實現在大家用 NASDAQ 是在指這個證券交易所本身， and many of the world's biggest technology companies list there世界上很多最大的科技公司都在那裡上市， so it is no longer only "small and new."所以它已經不只是「小又新」了。 In news you hear the NASDAQ the way you hear the stock market在新聞裡聽到 the NASDAQ 的方式，就跟聽到股市一樣， often as a number that went up or down常常是當成一個漲跌的數字。

It is different from the New York Stock Exchange, which grew out of a trading floor, and different from the Dow Jones, which is an index (a number), not an exchange.

It is different from the New York Stock Exchange, which grew out of a trading floor它跟紐約證券交易所不一樣，那是從交易大廳發展出來的， and different from the Dow Jones, which is an index (a number), not an exchange也跟道瓊不一樣，道瓊是一個指數（一個數字），不是交易所。