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This excerpt taken from the NDAQ DEF 14A filed Apr 20, 2007. Transfer of Responsibility for OTC Bulletin Board In October 2005, we transferred responsibility for the OTC Bulletin Board, an electronic screen-based quotation service for securities that, among other things, are not listed on the Exchange or any other U.S. national securities exchange, back to NASD, but agreed to continue to operate the OTC Bulletin Board on a contract basis for two years, subject to renewals. In the fiscal year ended December 31, 2006, we received approximately $17.1 million from NASD in connection with this agreement. This excerpt taken from the NDAQ DEF 14A filed Apr 21, 2006. Transfer of Responsibility for OTC Bulletin Board
On October 1, 2005, we transferred responsibility for the OTC Bulletin Board back to NASD. Consideration for the OTCBB Agreement was NASD’s agreement to outsource the operation of the OTCBB to us for an initial two year period, subject to one year renewals upon mutual consent. NASD will pay us $14.2 million in the first year and $14.7 million in the second year for our services under the agreement.
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