NASDAQ Announces 2007 New Listings Statistics

The Nasdaq Stock Market, Inc. (NASDAQ(r)) (Nasdaq:NDAQ) today announced its 2007 listings statistics. NASDAQ attracted more initial public offerings (IPOs) last year than any other U.S. exchange. Of the 237 IPOs that were eligible to list on NASDAQ or the NYSE Group last year, NASDAQ listed 154, or 65 percent.

Many of the largest U.S. IPOs, as measured by proceeds raised, listed on NASDAQ. They were led by Interactive Broker Group, Inc. (Nasdaq:IBKR) and TFS Financial Corporation, (Nasdaq:TFSL), which raised more than $1.2 billion and $871.3 million, respectively.

Led by DirectTV (Nasdaq:DTV), more market capitalization switched to NASDAQ from the New York Stock Exchange (NYSE) in 2007, a total of $28.3 billion. DirectTV was the first NYSE-listed company to switch to NASDAQ and retain its three character ticker symbol.

NASDAQ continued to win more new listings than any other U.S. exchange, as measured by the total number of issues. During 2007, NASDAQ captured 290 new listings, comprised of the following categories:

                                            4th Qtr
                                              2007     2007    2006
                                            -------    ----    ----
 Total New Listings                            90       290     285
 Initial Public Offerings (IPOs)               44       154     156
 Amex & NYSE Switches/Dual Listings            14        34      37
 Upgrades from OTCBB & Pink Sheets             20        75      59
 ETFs, Structured Products & Other Listings    12        27      33

Notable listings in 2007 included the IPOs of National CineMedia, Inc. (Nasdaq:NCMI),
Los Angeles-based REIT MerueloMaddux Properties (Nasdaq:MMPI) and Clearwire Corporation (Nasdaq:CLWR) and the switches from the American Stock Exchange (Amex) of Halozyme Therapeutics, Inc. (Nasdaq:HALO), National Beverage Corp. (Nasdaq:FIZZ), and PowerSecure International (Nasdaq:POWR). NASDAQ also saw several notable industrial listings, including the IPOs of Orion Energy Systems, Inc. (Nasdaq:OESX) and Greek shipping company Paragon Shipping Inc. (Nasdaq:PRGN) and the Amex switches of Odyssey Marine Exploration, Inc. (Nasdaq:OMEX) and PowerSecure International, Inc.

NASDAQ saw 45 non-U.S. new listings in 2007, including the switch of Star Bulk Carriers Corp. (Nasdaq:SBLK) from the Amex and the IPOs of Argentinean Internet commerce company MercadoLibre, Inc. (Nasdaq:MELI), Canadian yoga-inspired athletic apparel company lululemon athletica (Nasdaq:LULU), Chinese media company VisionChina Media Inc. (Nasdaq:VISN), and Bermuda-based insurer Castlepoint Holdings Ltd. (Nasdaq:CPHL).

Of the 31 companies that switched from the Amex, 12 elected to retain their three character symbols. This was made possible by the Securities and Exchange Commission's (SEC) approval of a NASDAQ proposal in July 2007 to allow NASDAQ to accept three character ticker symbols -- in addition to the four character symbols NASDAQ has historically used.

Below is a partial list of the Amex companies that switched to NASDAQ in 2007:

 Company                                 Ticker Symbol
 -------                                 -------------
 Halozyme Therapeutics, Inc.              Nasdaq:HALO
 Star Bulk Carriers Corp.                 Nasdaq:SBLK
 Akorn, Inc.                              Nasdaq:AKRX
 Medivation, Inc.                         Nasdaq:MDVN

Other notable developments in 2007 are highlighted below:


- Watson Wyatt and Company Holdings (SYMBOL: WW) and Allied Capital
Corporation (SYMBOL: ALD) dual listed their common stock on the
NASDAQ Global Select Market. These listings increased to 12 the
number of NYSE-listed securities that have dual listed on NASDAQ.

- The NASDAQ Global Select Market -- which has the highest initial
listing standards in the world -- became the largest of NASDAQ's
three listing tiers. As of December 31, 2007, there were 1,156
companies listed on the NASDAQ Global Select Market.

To view all new NASDAQ listings in 2007, visit http://www.nasdaq.com/newsroom/documents/NASDAQ_New_Listings_2007.pdf

Statistics are sourced from internal NASDAQ information. IPOs include offerings done on a "best efforts" basis. For more information about these and other NASDAQ market performance statistics, visit www.nasdaqfacts.com/newlistings.

NASDAQ is the largest U.S. equities exchange. With approximately 3,100 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks as well as a leading liquidity pool for trading NYSE-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at http://www.nasdaq.com/ or the NASDAQ Newsroom at www.nasdaq.com/newsroom/.

NASDAQ Announces the Annual Re-Ranking of the NASDAQ-100 Index

The Nasdaq Stock Market, Inc. (NASDAQ(r)) (Nasdaq:NDAQ) announced today the annual re-ranking of the NASDAQ-100 Index(r), effective with the market open on Monday, December 24, 2007.

"The NASDAQ-100 Index is a diverse, world-renowned benchmark comprised of many of the world's largest growth companies," stated NASDAQ Executive Vice President John L. Jacobs. "It is the basis of more than 580 products in 37 countries. Although the components of the NASDAQ-100 Index are determined by an open, objective, and rules-based process -- they are ultimately chosen by investors."

The following five issues will be added to the NASDAQ-100 Index: Hologic, Inc. (Nasdaq:HOLX), Focus Media Holding Limited (Nasdaq:FMCN), Hansen Natural Corporation (Nasdaq:HANS), Steel Dynamics, Inc. (Nasdaq:STLD), Stericycle, Inc. (Nasdaq:SRCL).

The NASDAQ-100 Index is composed of the 100 largest non-financial stocks on The NASDAQ Stock Market(r) and dates to January 1985 when it was launched along with the NASDAQ Financial-100 Index(r), which is comprised of the 100 largest financial stocks on NASDAQ(r). These indexes were originally designed to segment NASDAQ into two major industry groups to support media coverage and to act as benchmarks for financial products such as options, futures, and funds. The NASDAQ-100 is re-ranked each year in December, timed to coincide with the quadruple witch expiration Friday of the quarter.

On a cumulative price return basis, the NASDAQ-100 Index has risen over 1571% since inception, and it has outperformed several major domestic and international stock indexes for the ten-year period ended November 30, 2007, although past performance is not indicative of future performance. For the most recent one, five, and ten-year periods ended November 30, 2007, the cumulative return of the NASDAQ-100 Index was 16.63%, 87.18%, and 98.87%, respectively.

The NASDAQ-100 Index is the basis of the PowerShares QQQ Trust (Nasdaq:QQQQ), which aims to provide investment results that, before expenses, correspond with the NASDAQ-100 Index performance. In addition, options, futures and structured products based on the NASDAQ-100 Index and the PowerShares QQQ Trust trade on various exchanges.

As a result of the re-ranking of the NASDAQ-100 Index, the following five companies will be removed: LM Ericsson Telephone Company (Nasdaq:ERIC), Patterson-UTI Energy, Inc. (Nasdaq:PTEN), Ross Stores, Inc. (Nasdaq:ROST), Sepracor Inc. (Nasdaq:SEPR), XM Satellite Radio Holdings Inc. (Nasdaq:XMSR).

NASDAQ is the largest U.S. equities exchange. With approximately 3,100 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks as well as a leading liquidity pool for trading NYSE-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at www.nasdaq.com or the NASDAQ Newsroom at www.nasdaq.com/newsroom/.


Current list:

Company Name Symbol
Activision, Inc. ATVI
Adobe Systems Incorporated ADBE
Akamai Technologies, Inc. AKAM
Altera Corporation ALTR
Amazon.com, Inc. AMZN
Amgen Inc. AMGN
Amylin Pharmaceuticals, Inc. AMLN
Apollo Group, Inc. APOL
Apple Inc. AAPL
Applied Materials, Inc. AMAT
Autodesk, Inc. ADSK
Baidu.com, Inc. BIDU
BEA Systems, Inc. BEAS
Bed Bath & Beyond Inc. BBBY
Biogen Idec Inc BIIB
Broadcom Corporation BRCM
C.H. Robinson Worldwide, Inc. CHRW
Cadence Design Systems, Inc. CDNS
Celgene Corporation CELG
Cephalon, Inc. CEPH
Check Point Software Technologies Ltd. CHKP
Cintas Corporation CTAS
Cisco Systems, Inc. CSCO
Citrix Systems, Inc. CTXS
Cognizant Technology Solutions Corporation CTSH
Comcast Corporation CMCSA
Costco Wholesale Corporation COST
Dell Inc. DELL
DENTSPLY International Inc. XRAY
Discovery Holding Co DISCA
eBay Inc. EBAY
EchoStar Communications Corporation DISH
Electronic Arts Inc. ERTS
Expedia, Inc. EXPE
Expeditors International of Washington, Inc. EXPD
Express Scripts, Inc. ESRX
Fastenal Company FAST
Fiserv, Inc. FISV
Flextronics International Ltd. FLEX
Foster Wheeler Ltd. FWLT
Garmin Ltd. GRMN
Genzyme Corporation GENZ
Gilead Sciences, Inc. GILD
Google Inc. GOOG
Henry Schein, Inc. HSIC
IAC/InterActiveCorp IACI
Infosys Technologies Limited INFY
Intel Corporation INTC
Intuit Inc. INTU
Intuitive Surgical, Inc. ISRG
Joy Global Inc. JOYG
Juniper Networks, Inc. JNPR
KLA-Tencor Corporation KLAC
Lam Research Corporation LRCX
Lamar Advertising Company LAMR
Leap Wireless International, Inc. LEAP
Level 3 Communications, Inc. LVLT
Liberty Global, Inc. LBTYA
Liberty Media Corporation LINTA
Linear Technology Corporation LLTC
LM Ericsson Telephone Company ERIC
Logitech International S.A. LOGI
Marvell Technology Group, Ltd. MRVL
Microchip Technology Incorporated MCHP
Microsoft Corporation MSFT
Millicom International Cellular S.A. MICC
Monster Worldwide, Inc. MNST
Network Appliance, Inc. NTAP
NII Holdings, Inc. NIHD
NVIDIA Corporation NVDA
Oracle Corporation ORCL
PACCAR Inc. PCAR
Patterson Companies Inc. PDCO
Patterson-UTI Energy, Inc. PTEN
Paychex, Inc. PAYX
PETsMART, Inc. PETM
QUALCOMM Incorporated QCOM
Research in Motion Limited RIMM
Ross Stores, Inc. ROST
Ryanair Holdings plc RYAAY
SanDisk Corporation SNDK
Sears Holdings Corporation SHLD
Sepracor Inc. SEPR
Sigma-Aldrich Corporation SIAL
Sirius Satellite Radio Inc. SIRI
Staples, Inc. SPLS
Starbucks Corporation SBUX
Sun Microsystems, Inc. JAVA
Symantec Corporation SYMC
Tellabs, Inc. TLAB
Teva Pharmaceutical Industries Limited TEVA
UAL Corporation UAUA
VeriSign, Inc. VRSN
Vertex Pharmaceuticals Incorporated VRTX
Virgin Media Inc. VMED
Whole Foods Market, Inc. WFMI
Wynn Resorts, Limited WYNN
Xilinx, Inc. XLNX
XM Satellite Radio Holdings Inc. XMSR
Yahoo! Inc. YHOO

NASDAQ Supports New SEC Rules Allowing Non-U.S. Companies to File Financial Statements Using International Financial Reporting Standards

The Nasdaq Stock Market, Inc. ("NASDAQ(r)") (Nasdaq:NDAQ) announced it fully supports the Securities and Exchange Commission's (SEC) decision today to allow non-U.S. companies to file their financial statements with the SEC using International Financial Reporting Standards (IFRS). The SEC's new rules eliminate the need for non-U.S. companies to reconcile their financial statements prepared under IFRS with U.S. Generally Accepted Accounting Principles (U.S. GAAP).

To enable NASDAQ-listed companies to take full advantage of this change, NASDAQ today submitted a proposal to the SEC to allow non-U.S. companies to satisfy NASDAQ's financial listing requirements using IFRS. NASDAQ's filing will be subject to public comment and must be approved by the SEC.

"The SEC's action will help increase the attractiveness of the U.S. as a place to raise capital," said Bruce Aust, Executive Vice President of NASDAQ's Corporate Client Group. "It removes unnecessary costs and steps that create barriers to attracting international companies. The SEC's decision clearly communicates that the U.S. markets are dedicated to wringing the cost and inefficiency out of doing business in the U.S."

About NASDAQ

NASDAQ is the largest U.S. equities exchange. With approximately 3,100 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks as well as a leading liquidity pool for trading NYSE-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at www.nasdaq.com

The DIRECTV Group Announces Switch to The Nasdaq Stock Market

The DIRECTV Group today announced that it will switch its stock exchange listing from The New York Stock Exchange to The Nasdaq Stock Market, effective December 3. DIRECTV will be listed on The NASDAQ Global Select Market and trade on the exchange with the ticker symbol Nasdaq:DTV.

"Our switch to NASDAQ was driven by our desire to achieve greater value for our investors," said Jon Rubin, senior vice president of Financial Planning and Investor Relations for The DIRECTV Group, Inc. "We believe that NASDAQ's vision for leadership coupled with its market structure and vast product offerings will allow for improved service for us and our investors while simultaneously reducing our costs."

"Companies that list on NASDAQ share a common goal of being visionaries within their sectors; moving beyond old ways of doing business and leading through innovation," commented Bruce Aust, executive vice president of The Nasdaq Stock Market's Corporate Client Group. "DIRECTV embodies this strategic vision and is an example of a company meeting their investor needs. We are proud to have DIRECTV list on The NASDAQ Global Select, the market with the highest listing standards in the world. DIRECTV is joining a diverse group of 3,100 companies listed on our exchange such as Starbucks, Whole Foods, Staples, Charles Schwab, and Google and we wish them continued success," added Mr. Aust.

About The DIRECTV Group

The DIRECTV Group is a world-leading provider of digital television entertainment services. Through its subsidiaries and affiliated companies in the United States, Brazil, Mexico and other countries in Latin America, the DIRECTV Group provides digital television service to more than 16.6 million customers in the United States and over 4.6 million customers in Latin America.

About NASDAQ

NASDAQ is the largest U.S. equities exchange. With approximately 3,100 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks as well as a leading liquidity pool for trading NYSE-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at www.nasdaq.com

NASDAQ Introduces the Q-50 Index

The Nasdaq Stock Market, Inc. (Nasdaq:NDAQ) announced today the introduction of the NASDAQ Q-50 Index(sm), an innovative tool to track the securities that are next eligible for inclusion in the world-renowned NASDAQ-100 Index(r). NASDAQ began disseminating the NASDAQ Q-50 Index today.

The Index is comprised of 50 non-financial securities ranked by market capitalization. They reflect companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade, and biotechnology.

"The NASDAQ Q-50 Index is a new benchmark for some of the world's most up-and-coming growth companies," said NASDAQ Senior Vice President Steven Bloom. "The Index arms investors with a portfolio of some of NASDAQ's fastest growing companies in a diverse range of industries. The launch of the NASDAQ Q-50 Index represents a significant extension of NASDAQ's success in bringing attention to its largest and most liquid innovative growth companies."

Securities in the NASDAQ Q-50 Index are next eligible for inclusion in the NASDAQ-100 Index, a globally recognized benchmark that is the basis of more than 500 investment products in 36 countries. The NASDAQ Q-50 Index is a price return index (Nasdaq:NXTQ), which is ordinarily calculated without regard to cash dividends on index securities. The Index commenced calculation today with a value of 150.00.

NASDAQ Financial Products (NFP) is engaged in the design, development, calculation, licensing, and marketing of NASDAQ indexes. NFP specializes in the development of indexes focusing on NASDAQ's brand themes of innovation, technology, growth, and globalization. NFP also provides custom index services and design solutions as a third-party provider to selected financial organizations. For more information about NASDAQ's indexes, visit www.nasdaq.com/indexes.

About NASDAQ

NASDAQ is the largest U.S. equities exchange. With approximately 3,100 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks as well as a leading liquidity pool for trading NYSE-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at www.nasdaq.com

NASDAQ to Acquire Boston Stock Exchange and Key Exchange Assets

The Nasdaq Stock Market, Inc. (NASDAQ(r)) (Nasdaq:NDAQ), today announced it has entered into a definitive agreement to acquire the Boston Stock Exchange (BSE), including the holding company (BSE Group), the Boston Equities Exchange (BEX), the Boston Stock Exchange Clearing Corporation (BSECC), and BOX Regulation (BOXR). Along with these businesses, NASDAQ will acquire an SRO (Self-Regulatory Organization) license for trading both equities and options. NASDAQ's acquisition of the BSE Group is valued at approximately $61 million.

NASDAQ will not acquire an interest in the Boston Options Exchange (BOX) from the BSE. However, a regulatory framework for the BOX market will remain in place. NASDAQ, through BOXR, will operate the regulatory services provider to the BOX, which is an options trading facility of the BSE. NASDAQ and BOX are discussing a plan regarding the future regulatory structure for BOX.

Bob Greifeld, President and Chief Executive Officer of NASDAQ, said, "NASDAQ is very focused on meeting the needs of its customers. This transaction provides added liquidity, new trading choices and an enhanced competitive market environment. NASDAQ's acquisition of the BSE will expand NASDAQ's execution offerings, and deliver user and investor benefits consistent with our Brut and INET acquisitions." Greifeld added, "We believe a second exchange license in both equities, and in the future options, will provide market structure flexibility as we continue to deliver on our mission of being the number one trading platform in the transactions business."

Upon approval of the transaction, NASDAQ will have the ability to offer a second quote within the U.S. equities marketplace. NASDAQ anticipates operating the BSE using its INET trading system.

Additionally, subject to SEC approval, NASDAQ anticipates utilization of the BSE Clearing Corporation.

NASDAQ Executive Vice President of Transaction Services, Chris Concannon commented, "This deal will allow our customers to better execute their trading strategies. From critical trading functionality, to crossing products, and risk management offerings, NASDAQ's second quote in NASDAQ, NYSE and AMEX-listed securities will arm our diverse customer base with more choices and competitive pricing options. Additionally, we are optimistic that the clearing business will provide valuable benefits for both NASDAQ and our customers over time."

As previously noted, NASDAQ anticipates organically launching The NASDAQ Options Market, a price/time priority options market in December 2007, subject to SEC approval.

The transaction is subject to SEC approval and approval by BSE members. NASDAQ & BSE's board of directors have approved the transaction, which is expected to close by early first quarter 2008. It is anticipated that the transaction will be accretive to NASDAQ shareholders within 12 months from closing.

NASDAQ will host an analyst and media briefing via teleconference today regarding this announcement. Senior management will be available for questions from journalists following brief remarks. Details are as follows:


Who: David Warren, Chief Financial Officer and Executive Vice
President, The Nasdaq Stock Market, Inc.

Chris Concannon, Executive Vice President, Transaction
Services, The Nasdaq Stock Market, Inc.

When: October 2, 2007 via Teleconference

Password: NASDAQ

Dial-in Details for Analyst/Investor Call:


Title: NASDAQ Conference Call
Start Time: 11:00 A.M. ET
Domestic dial-in: (866) 765-6327
International dial-in: (913) 312-6621

Dial-in Details for Media Call:


Title: NASDAQ Conference Call
Start Time: 11:45 A.M. ET (immediately following analyst
call)
Domestic dial-in: (866) 765-6327
International dial-in: (913) 312-6621

All participants can access the conference via Internet audio cast through the NASDAQ Investor Relations website at http://ir.nasdaq.com/.

An audio replay of the conference will be available on the NASDAQ Investor Relations website at http://ir.nasdaq.com/ or by dialing 888.203.1112 (U.S.) or 719.457.0820 (International) and the replay pass code 1146445

About NASDAQ

NASDAQ is the largest U.S. electronic stock market. With more than 3,100 companies, it lists more companies and, on average, its systems trade more shares per day than any other U.S. market. NASDAQ is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at http://www.nasdaq.com or the NASDAQ Newsroom at http://www.nasdaq.com/newsroom/.

About BSE

Founded in 1834 as the third oldest exchange in the U.S., the Boston Stock Exchange (BSE) has, from its beginnings, played a vital role as a leading exchange within the strongest capital market system in the world. Additional information can be found at www.bostonstock.com.

Henry Schein, Inc. to Join the NASDAQ-100 Index Beginning October 2, 2007

Henry Schein, Inc. (Nasdaq:HSIC) of Melville, New York, will become a component of the NASDAQ-100 Index(r) (Nasdaq:NDX) and the NASDAQ-100 Equal Weighted Index (Nasdaq:NDXE) prior to market open on Tuesday, October 2, 2007. Henry Schein, Inc. will replace Maxim Integrated Products, Inc. (Nasdaq:MXIM).

With a market capitalization of approximately $5.4 billion, Henry Schein, Inc. distributes healthcare products and services, including practice management software, to office-based healthcare practitioner. The company's operations include direct marketing, telesales and field sales.

The NASDAQ-100 Index, launched in January 1985, is one of the most widely followed benchmarks in the world.

NASDAQ Announces Sale of Its Remaining 5.3 Million Shares in the London Stock Exchange Group plc

The Nasdaq Stock Market, Inc. (Nasdaq:NDAQ) ('NASDAQ') today announced the disposal by its wholly owned subsidiary Nightingale Acquisition Limited of 5,324,529 shares in the London Stock Exchange Group plc (the "LSE") through a market book-built sale process at a price of 18.00 pounds per share. This sale represents the balance of the NASDAQ group interests in LSE shares held following the disposal of 56.0 million shares announced on 20 September 2007. The aggregate sale value of today's transaction is 95,841,522.00 pounds.

NASDAQ is Recognized as the World's Best Exchange for Data Feeds for the Second Year

The Nasdaq Stock Market, Inc. (Nasdaq:NDAQ) has been recognized as the world's premier stock exchange for data feeds for the second consecutive year. In the fifth annual Waters Rankings, readers of Waters magazine voted NASDAQ the winner of the "Best Exchange Data Feeds" award.

NASDAQ's acknowledgement of this distinguished award was determined by nearly 600 sell and buyside end users of data who subscribe to Waters magazine -- the leading publication for financial technology professionals worldwide.

The results show that readers of Waters magazine prefer NASDAQ for speed, price, reliability and overall service even more than they did last year. NASDAQ's margin of victory this year increased to 12% versus last year's 2% margin.

"Receiving this endorsement from hundreds of industry experts is an especially rewarding achievement," said Adena Friedman, NASDAQ Executive Vice President, Corporate Strategy and Data Products. "Such recognition validates our ability to provide an array of innovative tools that help investors and traders achieve their trading strategies."

NASDAQ was also the recipient recently of another prestigious award for the second consecutive year. In May 2007, NASDAQ was recognized by the readership of Inside Market Data as the best data provider among the world's securities exchanges. Inside Market Data is the publication of choice for senior level data and technology executives within the financial services and securities industry throughout the world.

NASDAQ has delivered another innovative data solution with the recent introduction of The NASDAQ DataStore, an online collection of innovative data tools for institutional and individual investors. NASDAQ's offering of these unique data products on the Web marks the first time a U.S. stock exchange has provided an opportunity for direct purchase of this breadth of data directly via the Web.

As part of this initiative, NASDAQ will also be supporting full "plug-and-play" access to its premium market data products. This distribution allows market data vendors and market data distributors more efficient, easier, and less expensive deployments of new data products.

For more information about The NASDAQ DataStore and NASDAQ Data Products, visit http://www.nasdaqtrader.com/trader/mds/mdsoverview/mdsoverview.stm.

About NASDAQ

NASDAQ is the largest U.S. equities exchange. With approximately 3,200 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks as well as a leading liquidity pool for trading NYSE-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at www.nasdaq.com or the NASDAQ Newsroom at www.nasdaq.com/newsroom/.

NASDAQ Grants License to the CBOE Futures Exchange to Trade Futures On the CBOE NASDAQ-100 Volatility Index

The NASDAQ Stock Market ("NASDAQ(r)") (Nasdaq:NDAQ) announced it has licensed the CBOE Futures Exchange(sm) (CFE(r)) to offer futures contracts based on the CBOE NASDAQ-100 Volatility Index(sm) (symbol VXNSM, futures symbol VN), which launched on Friday, July 6.

John Jacobs, Executive Vice President for NASDAQ, said, "We are very pleased to partner with CFE in taking this important step forward for the financial markets. Volatility is an emerging new asset class and tools like the CBOE NASDAQ-100 Volatility Index are playing a vital role in spurring the growth and development of this space. With the introduction of these new futures contracts, investors, for the first time, now have the ability to trade the CBOE NASDAQ-100 Volatility Index."

Volatility is a measure of the fluctuation in the price performance of underlying stocks or stock indexes. Mathematically, volatility is the annualized standard deviation of returns. Typically, higher volatility signifies more uncertainty while lower volatility means less uncertainty. In 2007, the CBOE NASDAQ-100 Volatility Index has ranged in value between 14.83 and 24.61 and has recently been below the mid-point of its 2007 high-low range. The CBOE applies a similar measurement of option-derived volatility to the NASDAQ-100 Index that it applies to other leading U.S. stock market indexes, including those of Dow Jones, Standard & Poor's, and Russell. CBOE first introduced the CBOE NASDAQ-100 Volatility Index as a benchmark index in January 2001. For more information on how the CBOE NASDAQ-100 Volatility Index is calculated, as well as daily historical data, visit the CBOE's website at www.cboe.com/VXN.

NASDAQ Financial Products (NFP) is engaged in the design, development, calculation, licensing, and marketing of NASDAQ indexes. NFP specializes in the development of indexes focusing on NASDAQ's brand themes of innovation, technology, growth, and globalization. More than 500 financial products sold in 36 countries are based on NASDAQ indexes. NFP also provides custom index services and design solutions as a third-party provider to selected financial organizations.

NASDAQ is the largest U.S. equities exchange. With approximately 3,200 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks as well as a leading liquidity pool for trading NYSE-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at www.nasdaq.com

NASDAQ Announces May Performance Statistics

The Nasdaq Stock Market, Inc. (Nasdaq:NDAQ) today announced its consolidated market performance statistics for the NASDAQ Market Center for the month of May.

NASDAQ's matched market share of all U.S. Equity share volume was a record 28.9% in May 2007, more than any other U.S. exchange. NASDAQ's matched volume in all U.S. securities was 34.7 billion shares, an increase of 15.2% from May 2006(1).

During May, handled market share in NASDAQ-listed securities was 75.5%(2) and matched market share in NASDAQ-listed securities in May was 46.1%.

NASDAQ's matched market share in NYSE-listed securities in May was 15.6%, up from 8.0% a year ago. NASDAQ's handled market share in NYSE-listed securities was 56.3% last month(3).

NASDAQ's total reported market share of all U.S. ETF volume in May was 54.1%, an increase from 52.9% last month.

Included in NASDAQ's handled and total reported share for all U.S. NASDAQ-listed, and NYSE-listed securities are average daily volumes of 1.22, 0.54, and 0.58 billion shares, respectively, reported to the NASD/NASDAQ Trade Reporting Facility(tm) (4).

The table below shows NASDAQ's market share in several individual NYSE-listed securities during May:

                                    Total Reported
                                     Market Share        Matched
                                    --------------      --------
 Market Share

 Quest Communications (Q)               47.7%             23.8%
 Bank of America (BAC)                  40.3%             20.1%
 New Corporation (NWS.A)                39.3%             21.5%
 RadioShack (RSH)                       42.1%             19.1%
 Wal-Mart Stores (WMT)                  39.2%             21.1%

For the month, NASDAQ achieved total reported market share of over 30% in
351 NYSE-listed companies priced over $10 with average daily trading volume of more than 1 million shares.

To view all 351 NYSE-listed companies, visit www.nasdaqtrader.com/trader/ccg_0607.xls.

For more information about these and other NASDAQ market performance statistics, visit www.nasdaqtrader.com/marketshare.

To access the definitions of NASDAQ's market share terminology, visit http://www.nasdaqtrader.com/trader/tradingservices/marketshare/terms.pdf.

  NASDAQ Stock Market, Inc.
                Monthly Volume and Market Share Report
                    (Unaudited; shares in millions)

                                                   Month End
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 US Equities Volume                       May-07     Apr-07     May-06
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 NASDAQ Matched Volume                    34,672     31,090     30,102
 NASDAQ Total Reported Volume             60,856     54,712     53,663
 NASDAQ Handled Volume                    76,625     70,570     64,778
 Consolidated Volume                     119,819    108,146    113,961

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 US Equities Market Share                 May-07     Apr-07     May-06
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 NASDAQ Matched Share                       28.9%      28.7%      26.4%
 NASDAQ Total Reported Share                50.8%      50.6%      47.1%
 NASDAQ Handled Share                       64.0%      65.3%      56.8%


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 NASDAQ-Listed Equities Volume            May-07     Apr-07    May-06
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 NASDAQ Matched Volume                    21,509     19,101     23,198
 NASDAQ Total Reported Volume             33,467     30,039     36,912
 NASDAQ Handled Volume                    35,259     31,731     40,479
 Consolidated Volume                      46,705     41,562     47,839

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 NASDAQ-Listed Equities
   Market Share                           May-07     Apr-07     May-06
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 NASDAQ Matched Share                       46.1%      46.0%      48.5%
 NASDAQ Total Reported Share                71.7%      72.3%      77.2%
 NASDAQ Handled Share                       75.5%      76.3%      84.6%


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 NYSE-Listed Equities Volume              May-07     Apr-07     May-06
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 NASDAQ Matched Volume                     9,910      9,477      4,565
 NASDAQ Total Reported Volume             22,120     20,400     12,462
 NASDAQ Handled Volume                    35,711     34,238     19,632
 Consolidated Volume                      63,455     58,694     56,793

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 NYSE-Listed Equities Market Share        May-07     Apr-07     May-06
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 NASDAQ Matched Share                      15.6%     16.1%       8.0%
 NASDAQ Total Reported Share               34.9%     34.8%      21.9%
 NASDAQ Handled Share                      56.3%     58.3%      34.6%


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 US ETFs Volume                           May-07     Apr-07     May-06
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 NASDAQ Matched Volume                     3,914     2,832      3,243
 NASDAQ Total Reported Volume              5,831     4,303      5,374
 NASDAQ Handled Volume                     6,161     4,588       n/a
 Consolidated Volume                      10,778     8,137      10,012

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 US ETFs Market Share                     May-07     Apr-07     May-06
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 NASDAQ Matched Share                      36.3%     34.8%      32.4%
 NASDAQ Total Reported Share               54.1%     52.9%      53.7%
 NASDAQ Handled Share                      57.2%     56.4%       n/a

(1) On Monday, May 21st 2007, NYSE Arca experienced problems reporting trades to the
Consolidated Tape System (CTS). Details of the incident and corrected data
are available at http://www.nysedata.com/nysedata/default.aspx?tabid=155&id=237.
The results reported in this release do not include volume in CTS securities for May 21st.

(2) Figure includes NASD/NASDAQ TRF market share of 25.6%.

(3) Figure includes NASD/NASDAQ TRF market share of 19.2%

(4) NASD is a registered trademark of National Association of Securities Dealers, Inc. and is used under license from National Association of Securities Dealers, Inc.

Cephalon, Inc. to Join the NASDAQ-100 Index Beginning June 1, 2007

Cephalon, Inc. (Nasdaq:CEPH) of Frazer, Pennsylvania, will become a component of the NASDAQ-100 Index(r) (Nasdaq:NDX), the NASDAQ-100 Equal Weighted Index (Nasdaq:NDXE), and the NASDAQ-100 Ex-Tech Sector Index (Nasdaq:NDXX) prior to market open on Friday, June 1, 2007. Cephalon, Inc. will replace MedImmune, Inc. (Nasdaq:MEDI).

With a market capitalization of approximately $5.3 billion, Cephalon, Inc. discovers, develops, and markets biopharmaceutical products to treat neurological disorders and cancer.

The NASDAQ-100 Index, launched in January 1985, is one of the most widely followed benchmarks in the world.

Semi-Annual Changes to the NASDAQ Biotechnology Index

The Nasdaq Stock Market, Inc. ("NASDAQ") (Nasdaq:NDAQ) announced today the results of the semi-annual re-ranking of the NASDAQ Biotechnology Index(r) (Nasdaq:NBI), which will become effective with the market open on Monday, May 21, 2007.

The re-ranking will result in 13 securities being added to the Index. All securities are classified according to the Industry Classification Benchmark (ICB) as either biotechnology or pharmaceutical. The securities that meet the classification criteria then must meet other Index eligibility criteria including listing on the NASDAQ Global Market or the NASDAQ Global Select Market and meeting minimum requirements for market value, average daily share volume and seasoning as a public company. The Index is ranked on a semi-annual basis in May and November. For more information about the NASDAQ Biotechnology Index, including eligibility criteria, visit www.NASDAQ.com.

As a result of the re-ranking, Curis, Inc. (Nasdaq:CRIS), Gene Logic Inc. (Nasdaq:GLGC), Inhibitex, Inc. (Nasdaq:INHX) and Threshold Pharmaceuticals, Inc. (Nasdaq:THLD), will be removed from the Index.

The NASDAQ Biotechnology Index is the basis for the iShares Nasdaq Biotechnology Index(sm) Fund (Amex:IBB), which seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the NASDAQ Biotechnology Index. In addition, options based on the NASDAQ Biotechnology Index and the iShares Nasdaq Biotechnology Index Fund trade on various exchanges.

NASDAQ is the largest U.S. electronic equities exchange. With approximately 3,200 companies, it lists more companies and, on average, trades more shares per day than any other U.S. electronic market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks as well as a leading liquidity pool for trading NYSE-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at www.nasdaq.com or the NASDAQ Newsroom at www.nasdaq.com/newsroom/.

The Industry Classification Benchmark ("ICB") is jointly owned by FTSE International Limited ("FTSE") and Dow Jones & Company, Inc.

FTSE(sm) is a trademark of the London Stock Exchange Plc and The Financial Times Limited and is used by FTSE International Limited under license.

"Dow Jones" and "DJ" are trademarks of Dow Jones & Company Inc.

iShares are distributed by SEI Investments Distribution Co.Barclays Global Fund Advisors serves as an advisor to iShares and is a subsidiary of Barclays Global Investors, N.A., neither of which is affiliated with SEI. For a prospectus, call 1-800-iSHARES (1-800-474-2737).

IShares are not FDIC Insured. Have No Bank Guarantee. May Lose Value. Company Briefs

Akorn, Inc. (Nasdaq:AKRX) develops, manufactures, and markets ophthalmic and injectable pharmaceutical products. The Company sells various diagnostic and therapeutic pharmaceutical products focused primarily on ophthalmology, anesthesia, antidotes, and rheumatology. Akorn also markets ophthalmic surgical instruments and other supplies, and provides contract manufacturing for third parties.

Alexza Pharmaceuticals, Inc. (Nasdaq:ALXA) is a pharmaceutical company focused on the development and commercialization of proprietary products for the treatment of acute and intermittent conditions.

BioMimetic Therapeutics, Inc. (Nasdaq:BMTI) develops and markets drug-device combination products for the repair of injuries or defects in bones, cartilage, ligaments, and tendons. The company combines protein therapeutics with tissue specific scaffolds to stimulate tissue healing and regeneration.

CombinatoRx Incorporated (Nasdaq:CRXX) is a biopharmaceutical company focused on developing new medicines built from synergistic combinations of approved drugs. The company has discovered and advanced into clinical trials a portfolio of product candidates targeting multiple immuno-inflammatory diseases and cancer.

DRAXIS Health Inc. (Nasdaq:DRAX) is a specialty pharmaceutical company providing products in three categories: sterile products, non-sterile products and radiopharmaceuticals. Sterile products include liquid and freeze-dried (lyophilized) injectables and sterile ointments. Non-sterile products are produced as solid oral, liquid and semi-solid dosage forms. Radiopharmaceuticals are used for both therapeutic and diagnostic molecular imaging applications.

Dynavax Technologies Corporation (Nasdaq:DVAX) discovers, develops, and is seeking to commercialize products based on immunostimulatory sequences. The company is developing products to treat and prevent allergies, infectious diseases, and chronic inflammatory diseases using approaches that alter immune system responses in specific ways.

GenVec, Inc. (Nasdaq:GNVC) is a biopharmaceutical company developing novel gene-based therapeutic drugs and vaccines. The company's product candidates use patent-protected technology to deliver genes that produce beneficial proteins. GenVec is developing a therapeutic product for the treatment of locally advanced pancreatic cancer and other solid tumor cancers. GenVec also uses its proprietary adenovector technology to develop vaccines for infectious diseases.

Maxygen, Inc. (Nasdaq:MAXY) is a biopharmaceutical company which researches and develops protein drugs. The Company's products now in clinical trials include an interferon-alpha for treating Hepatitis C, and a G-CSF for treating neutropenia.

Medivation, Inc. (Nasdaq:MDVN) acquires, develops, and sells or partners biomedical technologies in the early development stage of the research and development process. The company's current portfolio consists of small molecule drugs in development to treat three large, unmet medical needs -- Alzheimer's disease, Huntington's disease and hormone-refractory prostate cancer.

Osiris Therapeutics, Inc. (Nasdaq:OSIR) utilizes adult stem cell technology to treat inflammatory and connective tissue disorders. Osiris markets a stem cell product for the regeneration of bone, and is developing follow-on products to treat Crohn's Disease, arthritis, and heart failure.

Sangamo BioSciences, Inc. (Nasdaq:SGMO) researches and develops transcription factors in the regulation of genes. These transcription factors are the proteins that turn genes on and off and regulate gene expression by recognizing specific DNA sequences.

Vanda Pharmaceuticals Inc. (Nasdaq:VNDA) is a biopharmaceutical company. The Company is focused on the development and commercialization of a portfolio of clinical-stage, small molecule product candidates for central nervous system disorders.

Warner Chilcott Limited (Nasdaq:WCRX) is a pharmaceutical company. The Company is focused on marketing, selling, developing and manufacturing branded prescription pharmaceutical products in women's healthcare and dermatology in the United States.

NASDAQ Announces Preliminary First Quarter 2007 Results

The Nasdaq Stock Market, Inc. ("NASDAQ(r)" (Nasdaq:NDAQ) announced today its preliminary results for the first quarter 2007.

For the quarter, NASDAQ expects net income to be $18.3 million, or $0.14 per diluted share. Operating income is expected to be $81.4 million and gross margin to be $192.1 million. Expected to be included in first quarter results are $24.9 million in acquisition related charges associated with NASDAQ's offer for the London Stock Exchange.

David Warren, NASDAQ's Chief Financial Officer commented, "We are extremely pleased with our first quarter operating results, especially with the increase in operating income. These results demonstrate our ability to successfully execute a plan to drive growth in our business."

Mr. Warren continued, "Based on the lapse of our offer for the London Stock Exchange in February 2007, it was determined that previously discussed costs incurred as a result of our bid be expensed in the first quarter 2007. These expenses will have the impact of reducing diluted earnings per share by $0.10 per share for the quarter."

As previously announced NASDAQ will release final first quarter 2007 results on Thursday, April 19, 2007. Conference call information can be found at the NASDAQ Investor Relations website at http://ir.nasdaq.com/

NASDAQ(r) is the largest electronic equity securities market in the United States. With approximately 3,200 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to category-defining companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology industries. For more information about NASDAQ, visit the NASDAQ Web site at www.nasdaq.com or the NASDAQ Newsroom(sm) at www.nasdaqnews.com NDAQF

NASDAQ Introduces a China Equities Index

The Nasdaq Stock Market, Inc. (NASDAQ(r)) (Nasdaq:NDAQ) announced plans to introduce the NASDAQ China Index(sm) (Nasdaq:CHNX), which is designed to track the performance of the largest Chinese companies whose securities are listed and actively traded in the U.S. NASDAQ will begin disseminating the Index during the second quarter of 2007.

The NASDAQ China Index will be a key benchmark to track the performance of innovative companies that have stimulated one of the world's most rapidly growing and industrializing economies. The Index will initially be comprised of 30 Chinese companies with a combined market capitalization of more than $600 billion that are listed on NASDAQ, the New York Stock Exchange, or the American Stock Exchange. With the Index, NASDAQ will provide these companies with greater visibility and access from the U.S. to a large pool of investors worldwide.

"This Index will enable investors worldwide to follow companies in a broad range of industries that have helped propel one of the world's fastest growing and most successful economies over the last 20 years," said NASDAQ Executive Vice President John Jacobs. "China is on the verge of becoming the world's fourth-largest economy, a testament to the innovative companies that are included in this essential investment index."

Charlotte Crosswell, President of NASDAQ International, said, "The NASDAQ China Index highlights over two decades of NASDAQ's activity and commitment to the Chinese market. We are confident that the index will further enhance the visibility of the companies listing from China among U.S. and international investors."

The NASDAQ China Index will be calculated using a modified market capitalization methodology. Companies headquartered in China, inclusive of Hong Kong, which are listed on The NASDAQ Stock Market, the New York Stock Exchange, or the American Stock Exchange are eligible for Index inclusion. To be eligible, stocks must also have a minimum worldwide market capitalization of $200 million, a minimum average daily U.S. trading volume of 100,000 shares, and a minimum price of $3.00 per share.

NASDAQ is a force of innovation and influence in the financial products industry. It maintains its position as a world class innovator by developing new indexes of its own and with other partners. NASDAQ is home to some of the world's most closely watched indexes including the NASDAQ Composite Index(r), the NASDAQ-100 Index(r), the NASDAQ(r) Clean Edge(r) U.S. Liquid Series Index, and the NASDAQ Biotechnology Index(r). In addition to pursuing listings of exchange traded funds (ETFs) and other structured products, NASDAQ actively develops indexes and other index-based derivative securities for the global capital markets.