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This excerpt taken from the NDAQ 10-K filed Mar 15, 2006. Support Costs from NASD
During 2003 NASD provided agreed-upon administrative, corporate and infrastructure services to Nasdaq. It was NASD’s policy to charge these expenses and other operating costs to Nasdaq based upon usage percentages determined by management of NASD and Nasdaq. Additionally, NASD charged Nasdaq for costs that it incurred in the development and maintenance of technology for Nasdaq. Technology development costs were allocated directly to Nasdaq based upon specific projects requested by Nasdaq. Technology maintenance costs were allocated based upon Nasdaq’s share of computer usage. The services provided by NASD have declined in recent years and were minimal in both 2005 and 2004 due to continued progress in separating from NASD and the resulting internalization of technology and certain other support functions. Support costs from NASD were $1.2 million for the year ended December 31, 2003. The following table represents the composition of these costs charged by NASD to Nasdaq:
This excerpt taken from the NDAQ 10-K filed Mar 14, 2005. Support Costs from NASD
During 2003 and 2002, NASD provided certain administrative, corporate and infrastructure services to Nasdaq. It was NASD’s policy to charge these expenses and other operating costs to Nasdaq based upon usage percentages determined by management of NASD and Nasdaq. Additionally, NASD incurred certain costs related to the development and maintenance of technology for Nasdaq. Technology development costs were allocated directly to Nasdaq based upon specific projects requested by Nasdaq. Technology maintenance costs were allocated based upon Nasdaq’s share of computer usage. The services provided by NASD have declined in recent years and were minimal in 2004. Support costs from NASD were $1.2 million and $5.1 million for the years ended December 31, 2003 and 2002, respectively. The decrease was due to continued progress in separating from NASD and the resulting internalization of technology and certain other support functions. The following table represents the composition of costs charged by NASD to Nasdaq:
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