This excerpt taken from the NDAQ 8-K filed Feb 20, 2008.
Leader in global exchange technology
We believe The NASDAQ OMX Group is the leader in global exchange technology. As the worlds first electronic stock exchange, Nasdaq pioneered electronic trading and has continued to innovate over the last 30 years and has the fastest, most efficient trading platform in the U.S. Our platform processes trades at sub-millisecond transaction speeds that are the fastest in the industry with close to 100% system reliability, which we believe is also industry-leading. In addition, our platform is highly scalable with current capacity at twice the level of daily peaks. We can handle significantly higher transaction volume at low incremental cost. We believe our technology provides the lowest cost structure in the industry, which further enhances our competitive position.
Similarly, OMX has been a leader in creating a truly integrated cross-border stock market and has also created a global technology customer base of more than 60 marketplaces in over 50 countries worldwide, including Hong Kong, Singapore, Australia and the U.S. We believe PHLX is also a technology leader and that it has developed one of the fastest and most reliable options trading platforms in the industry. We believe that The NASDAQ OMX Group will continue to provide leading technology for the worlds competitive and demanding capital markets, which increasingly require that exchanges be able to constantly secure the best price for investors and issuers, a natural strength of our combined robust technology and electronic trading platforms.