Utilize the input text as a context reference, choose the right relationship between PayPal and Nasdaq from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

Getty Images PayPal President and CEO Dan Schulman speaks before ringing the bell at Nasdaq on July 20, 2015 in New York City.

Answer: stock_exchange