Based on the history of financial analysis, the NASDAQ system is the first electronic-based stock market and the largest over-the-counter market.
NASDAQ is the acronym of the National Association of Securities Dealers Automated Quotations.
NASDAQ was initially the acronym for "National Association of Securities Dealers Automated Quotations" and it is generally considered the world's first electronic exchange.
Generally, Nasdaq started as a subsidiary of the National Association of Securities Dealers (NASD), now known as the Financial Industry Regulatory Authority (FINRA), and its main activities are the buying and trading of securities on an online global marketplace.
Hence, in this case, it is concluded that the correct answer is NASDAQ.
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