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These excerpts taken from the NDAQ 10-K filed Feb 27, 2009. Regulatory changes may have an adverse impact on our market data fees.
A significant percentage of our market data revenue in the U.S. is derived from products subject to the three consolidated market information plans. As the formulas governing revenue allocations by those plans are subject to regulatory oversight, our revenue from the plans is at risk to any change in U.S. regulatory policy. In Europe, active regulatory discussions about the distribution of exchange information through consolidated plans may lead to policy decisions which negatively our market data revenues.
Regulatory changes may have an adverse impact on our market data fees.
A significant percentage of our market data revenue | EXCERPTS ON THIS PAGE:
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