NASDAQ OMX Group (NDAQ)

- Net Income More than Doubles Year-Over-Year -

New York, N.Y.—The NASDAQ Stock Market, Inc. (“NASDAQ^®”; Nasdaq: NDAQ), today reported fourth quarter 2005 net income of $17.1 million or $0.15 per diluted share versus net income of $17.8 million or $0.16 per diluted share in the third quarter of 2005 and net income of $7.4 million or $0.02 per diluted share in the fourth quarter of 2004. 2004 results reflect continuing and discontinued operations, and include a net gain of $9.6 million from discontinued operations. Net loss from continuing operations for the fourth quarter 2004 was $2.2 million or $(0.10) per diluted share. The remainder of this discussion reflects results from continuing operations, which includes INET operations beginning December 8, 2005.

Net income from continuing operations for the full year 2005 was $61.7 million or $0.57 per diluted share versus net income of $1.8 million or a loss of $(0.14) per diluted share for the full year 2004.

Gross margin, which represents total revenues less cost of revenues, was $138.6 million for the fourth quarter of 2005, an increase of 14.2% from $121.4 million in the year-ago period and 6.1% from $130.6 million in the third quarter of 2005. Gross margin for the full year 2005 was $526.0 million, an increase of 8.5% from $484.6 million in 2004.

“2005 was a highly successful year for NASDAQ, both as a stock market and as a public company”, commented NASDAQ’s Chief Executive Officer, Robert Greifeld. “Our financial performance was exceptional, with strong fourth quarter earnings growth from last year capping off a period of increased productivity. We continue to transform our organization by accelerating the pace of innovation in every aspect of our business, expanding our scale and functionality, and pioneering new products and services.”

Mr. Greifeld concluded, “The hard work completed over the past two years gives NASDAQ a formidable competitive position. In 2006 we will begin operations as an independent registered exchange on the threshold of historic changes in our industry. Our 2006 priorities are to: complete the INET integration; increase our market share of U.S equity trading and company listings; and raise the value of our proprietary market data products; while maintaining the discipline necessary to complete our cost reduction program. In this increasingly competitive world, NASDAQ is committed to maintaining its position as the premier equity marketplace through sustained execution of our well-founded strategy.”