NASDAQ OMX Group (NDAQ)

Income from Unconsolidated Investees, net

Income recognized from unconsolidated investees, net was $27.3 million in 2008 and primarily relates to the NASDAQ Dubai transaction. In connection with the NASDAQ Dubai transaction, we contributed intangible assets and $50.0 million in cash to NASDAQ Dubai in exchange for a 33  ^1/3% equity ownership in NASDAQ Dubai. One of the intangible assets contributed was the Nasdaq trade name, which had a zero carrying value on Nasdaq’s books and records prior to the transfer. As a result, we recognized a $26.0 million gain for the difference between Nasdaq’s carrying value and the fair value of the contributed asset on this non-monetary exchange. See “Equity Investment in NASDAQ Dubai,” of Note 3, “Business Combinations,” to the consolidated financial statements for further discussion. Also included is income from our share of the earnings and losses from our ownership in unconsolidated equity method investees.

Income from Unconsolidated Investees, net

Income from unconsolidated investees, net was a loss of $0.2 million in the third quarter of 2008 and a gain of $27.5 million in the first nine months of 2008. The loss in the third quarter of 2008 relates to our share of the earnings or losses from our ownership in unconsolidated equity method investees. The income in the first nine months of 2008 primarily relates to the DIFX transaction. In connection with the DIFX transaction, we contributed intangible assets and $50.0 million in cash to DIFX in exchange for a 33 ¹/3% equity ownership in DIFX. One of the intangible assets contributed was the Nasdaq trade name, which had a zero carrying value on Nasdaq’s books and records prior to the transfer. As a result, we recognized a $26.0 million gain for the difference between Nasdaq’s carrying value and the fair value of the contributed asset on this non-monetary exchange. See “Equity Investment in DIFX” in Note 3, “Business Combinations,” to the condensed consolidated financial statements for further discussion. Also included in income in the first nine months of 2008 were earnings and losses from our ownership in unconsolidated equity method investees.

Income from Unconsolidated Investees, net

Income from unconsolidated investees, net was $1.3 million in the second quarter of 2008 and $27.6 million in the first six months of 2008. The income in the first six months of 2008 primarily relates to the DIFX transaction. In connection with the DIFX transaction, we contributed intangible assets and $50.0 million in cash to DIFX in exchange for a 33 ¹/3% equity ownership in DIFX. One of the intangible assets contributed was the Nasdaq trade name, which had a zero carrying value on Nasdaq’s books and records prior to the transfer. As a result, we recognized a $26.0 million gain for the difference between Nasdaq’s carrying value and the fair value of the contributed asset on this non-monetary exchange. See “Equity Investment in DIFX” in Note 3, “Business Combinations,” to the condensed consolidated financial statements for further discussion. Also included in this line item are earnings and losses from our ownership in unconsolidated equity method investees.