Finance History | Nasdaq MarketSite — A Chicago Trust Book That Printed NTRS on Nasdaq's First Day
· 1971-2
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Finance History | Nasdaq MarketSite — A Chicago Trust Book That Printed NTRS on Nasdaq's First Day
kevin
People treat Northern Trust as a LaSalle Street custody house that always printed NTRS after a finished Nasdaq book.
The company's own stockholder page records that the common traded over the counter until 5 February 1971, when it began trading on The Nasdaq Stock Market under NTRS.
That date is also the first day Nasdaq itself started trading.
A Chicago Tribune notice from December 1985 adds that the bank first issued public shares in 1960 and that the Delaware holding company, Northern Trust Corporation, was organized in 1971.
The present tape is still NTRS on Nasdaq.
The mechanism is an over-the-counter trust book that moved onto the new Nasdaq tape on the system's opening day and kept the same letters.
The pin is the public Times Square facade of Nasdaq MarketSite, the present street marker for the tape that prints NTRS.
Interior trading is not visitable from the sidewalk.
Photo: Luca Marfe, June 2015, CC BY 2.0, via Wikimedia Commons. Nasdaq MarketSite.
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