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This excerpt taken from the NDAQ 10-Q filed May 8, 2009. European Market Data Products Nordic and Baltic market data products and services provide critical market transparency to the professional and non-professional investors that participate in NASDAQ OMX Nordic and NASDAQ OMX Baltic marketplaces and, at the same time, give investors greater insight into these markets. Information products and services are based on the trading information from the exchanges that comprise NASDAQ OMX Nordic and NASDAQ OMX Baltic for three classes of securities: equities, bonds and derivative instruments. We provide varying levels of quote and trade information to market participants and to data distributors, who in turn sell subscriptions for this information to the public. Revenues from European market data are subscription based and are generated primarily based on the number of data subscribers and distributors of our data. These excerpts taken from the NDAQ 10-K filed Feb 27, 2009. European Market Data Products
European Market Data revenues, which are subscription based, are generated primarily through the sale and distribution of trading information based on data generated through trading on the exchanges that comprise NASDAQ OMX Nordic and NASDAQ OMX Baltic and are recognized on a monthly basis.
Broker Services
Our Broker Services operations offer technology and customized securities administration solutions to financial participants in the Nordic market and in the United Kingdom. The primary services offered include flexible back-office systems. Our services allow customers to entirely or partly outsource their companys back-office functions. Revenues from broker services are based on a fixed basic fee for administration or licensing, maintenance and operations, and a variable portion that depends on the number of transactions completed. Broker Services revenues are recognized on a continuous basis as services are rendered.
European Market Data Products STYLE="margin-top:0px;margin-bottom:-6px">European Market Data revenues, which are subscription based, are generated Broker Services STYLE="margin-top:0px;margin-bottom:-6px">Our Broker Services operations offer technology and customized securities
European Market Data Products
Nordic and Baltic market data products and services provide critical market transparency to the professional and non-professional investors that participate in NASDAQ OMX Nordic and NASDAQ OMX Baltic marketplaces and, at the same time, give investors greater insight into these markets.
Information products and services are based on the trading information from the exchanges that comprise NASDAQ OMX Nordic and NASDAQ OMX Baltic for three classes of securities: equities, bonds and derivative instruments. We provide varying levels of quote and trade information to market participants and to data distributors, who in turn sell subscriptions for this information to the public. Revenues from European market data are subscription based and are generated primarily based on the number of data subscribers and distributors of our data.
European Market Data Products STYLE="margin-top:0px;margin-bottom:-6px">Nordic and Baltic market data products and services provide critical market Information products and services are based on the trading information from
European Market Data Products
European Market Data revenues, which are subscription based, are generated primarily through the sale and distribution of trading information based on data generated through trading on the exchanges that comprise NASDAQ OMX Nordic and NASDAQ OMX Baltic and are recognized on a monthly basis.
European Market Data Products STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">European Market Data revenues, which are subscription based, are generated primarily through the sale and distribution of trading information based on data generated through trading on the exchanges that comprise NASDAQ OMX Nordic and NASDAQ OMX Baltic and are recognized on a monthly basis. STYLE="margin-top:0px;margin-bottom:0px">Market Data Revenue Sharing STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">The most significant component of Market Data revenues presented on a net basis in accordance with EITF 99-19 is the UTP Plan revenue sharing in the U.S. All indicators of gross vs. net reporting pursuant to EITF 99-19 have been considered in analyzing the appropriate presentation of UTP Plan revenue sharing. However, the following are the primary indicators of net reporting: STYLE="margin-top:0px;margin-bottom:-6px">
The exchanges that comprise NASDAQ OMX Nordic and NASDAQ OMX Baltic do not STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%">Broker Services STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">Our Broker Services operations offer technology and customized securities administration solutions to financial participants in the Nordic market and in the United Kingdom. The primary services include flexible back-office systems. Our services allow customers to entirely or partly outsource their companys back-office functions. Revenues from broker services are based on a fixed basic fee for administration or licensing, maintenance and operations, and a variable portion that depends on the number of transactions completed. Broker Services revenues are recognized on a continuous basis as services are rendered. STYLE="margin-top:0px;margin-bottom:0px"> F-21 Table of ContentsThe NASDAQ OMX Group, Inc. SIZE="1"> Notes to Consolidated Financial Statements(Continued) STYLE="margin-top:0px;margin-bottom:0px"> | EXCERPTS ON THIS PAGE:
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