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TeachMeFinance.com - explain National Association of Securities Dealers Automated Quotations (NASDAQ) National Association of Securities Dealers Automated Quotation system (Nasdaq) -- An automated information network that provides brokers and dealers with price quotations on the approximately 5,000 most active securities traded over the counter. another definition... National Association of Securities Dealers Automated Quotations (NASDAQ) -- an automated data network providing brokers and dealers with price quotations on securities traded in the over-the-counter market. Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.