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 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.