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These excerpts taken from the NDAQ 10-K filed Feb 25, 2008. Related Party Revenues and Expenses
As discussed above, FINRA provides us with regulatory services, including the regulation of trading activity on The Nasdaq Stock Market and surveillance and investigative functions for us.
In October 2005, we transferred responsibility for the OTCBB, an electronic screen-based quotation service for securities that, among other things, are not listed on The Nasdaq Stock Market or any U.S. national securities exchange, back to FINRA, but agreed to continue to operate the OTCBB on a contract basis for two years, subject to renewals. We currently operate the OTCBB on a month to month basis.
Nasdaq Technology Services, LLC was established in 2004 and provides software, hosting and disaster recovery services to third parties. Effective November 1, 2004, Nasdaq Technology and FINRA entered into a contract for technology development support services for a fixed income trade reporting platform. Revenues for the services are recorded in other Market Services revenues.
We also pay FINRA for the use of office space.
Related
As discussed above, FINRA SIZE="1"> In October 2005, we transferred responsibility for the OTCBB, an electronic screen-based quotation service for securities
Nasdaq Technology Services, STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">We also pay FINRA for the use of office space. STYLE="margin-top:0px;margin-bottom:0px">Sale of Building STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">In June 2005, we completed the sale of the building we owned in Rockville, Maryland located at 9513 Key West Avenue to FINRA for $17.8 million.
This excerpt taken from the NDAQ 10-K filed Feb 28, 2007. Related Party Revenues and Expenses
As discussed above, NASDR provides us with regulatory services, including the regulation of trading activity on The Nasdaq Stock Market and surveillance and investigative functions for us.
In October 2005, we transferred responsibility for the OTCBB, an electronic screen-based quotation service for securities that, among other things, are not listed on The Nasdaq Stock Market or any U.S. national securities exchange, back to NASD, but agreed to continue to operate the OTCBB on a contract basis for two years, subject to renewals.
Nasdaq Technology Services, LLC was established in 2004 and provides software, hosting and disaster recovery services to third parties. Effective November 1, 2004, Nasdaq Technology and NASD entered into a contract for technology development support services for a fixed income trade reporting platform. Revenues for the services are recorded in other Market Services revenues. Prior to the new contract, we provided these services on a cost reimbursement basis.
We also pay NASD for the use of office space.
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