The NASDAQ 100 index is one of the United States stock price indices which is widely traded on a CFD basis in addition to the Dow Jones 30 index and the S&P 500 index. Maybe in some countries, it is not yet popular even though many forex brokers offer this instrument. You can go to http://www.internationalanswer.org/forex/articles/nas100-brokers.html to find Brokers that offer NASDAQ100.
This index is also called USA100, US Tech 100, or NAS100 and is traded based on the NASDAQ 100 Futures index. The calculation is based on the minimum tick (usually 0.25). The NASDAQ 100 index consists of 100 shares of large non-financial companies listed on the NASDAQ exchange, while the NASDAQ exchange is the second-largest stock exchange in the world by capitalization, second only to NYSE. Both are located in the United States. It stand for the National Association of Securities Dealers Automated Quotations, and it is founded way back in 1971 and it’s the first one that operates electronically.
The NASDAQ exchange consists of more than 3000 stocks and most of them are technology-based stocks, so issues concerning this sector will greatly affect the composite NASDAQ index. The NASDAQ 100 index is made up of the top 100 companies that influence the NASDAQ composite index the most, and are mostly the stocks of technology-based companies. The NASDAQ 100 Index began trading on January 31, 1985, with a base price of 250. In its development, the price of this index continued to rise to its highest level above 4700 when the dot-com bubble occurred in 2000. After that, the index price continued to fall along with the recession and events of 11 September 2001 which caused the index figure to be below the 900 level in 2002.
After experiencing a 5-year recovery, on October 31st, 2007, the index price returned to above 2200, and during the global financial recession in 2008, the NASDAQ 100 index closed at 1018 on the 20th of November 2008. Optimism will end the crisis and the quantitative easing carried out. The Fed made the index bounce back to a figure above 3000 on 15th of May 2013, and on the 3rd of July 2014, the price closed at the level of 3923.