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These excerpts taken from the NDAQ 8-K filed Jan 27, 2006. Restatements and Reclassifications
All historical information has been restated to include Bridge (see Note 3) as if Bridge had been a wholly-owned subsidiary of the Company since it was acquired by Reuters in September 2001. Bridge is included in the results of the Instinet business segment.
During the fourth quarter of 2004, the Company began classifying transaction related regulatory fees as an expense in brokerage, clearing and exchange fees. These fees had previously been recorded as a reduction of transaction fees and shown on a net basis. For the three months ended September 30, 2005 and 2004, these regulatory fees totaled $18,481 and $9,828, respectively. For the nine months ended September 30, 2005 and 2004, these regulatory fees totaled $54,342 and $42,418, respectively.
The Companys consolidated financial statements have been restated to present Lynch, Jones & Ryan, Inc. (LJR) as a discontinued operation (see note 10).
Certain other reclassifications of prior year amounts have been made for consistent presentation.
Restatements and Reclassifications
During the fourth quarter of 2004, the Company began classifying transaction related regulatory fees as an expense in brokerage, clearing and exchange fees. These fees had previously been recorded as a reduction of transaction fees and shown on a net basis. For the years ended December 31, 2004, 2003 and 2002, these regulatory fees totaled $53,059, $61,259 and $26,707, respectively, and have been reclassified in the Companys consolidated financial statements.
All historical information has been restated to include Bridge Trading Company (Bridge) (see Note 3) as if Bridge had been a wholly-owned subsidiary of the Company since it was acquired by Reuters in September 2001. Bridge is included in the results of the Instinet business segment.
The Companys consolidated financial statements have been restated to present Lynch, Jones & Ryan, Inc. (LJR) as a discontinued operation (see note 20).
Certain other reclassifications of prior year amounts have been made for consistent presentation with the current year.
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