This excerpt taken from the NDAQ 8-K filed Feb 20, 2008.
Note 4. Research and Development Investments
(1) The development of Genium takes place within the Market Technology business area but it is initially being developed for OMXs Nordic Exchange. Hence, the asset generated was transferred to the Nordic Marketplaces business area on March 31, 2007. This has led to investments in R&D increasing in Nordic Marketplaces and decreasing in Market Technology.
(2) For the periods from July to September and from January to September 2007, investments in R&D within the Information Services & New Markets business area increased compared to the same period last year, mainly due to increased development within the business units Information Services and Broker Services.