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NDAQ » Topics » Non-U.S. Issuer Services Revenues

This excerpt taken from the NDAQ 10-Q filed May 9, 2008.

Non-U.S. Issuer Services Revenues

Non-U.S. Issuer Services revenues include non-U.S. Corporate Client Group revenues related to OMX’s listing business, which are comprised of issuers’ revenues derived from annual fees received from listed companies on the Nordic Exchange, which are directly related to the listed companies’ market capitalization. These revenues are recognized ratably over the following 12-month period.

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