Nasdaq Press Release

Nasdaq's Third-Quarter 2001 Volume
and Price Statistics

Share Volume Continues to Grow
Eight of the 100 Busiest Trading Sessions Occurred in the Third Quarter

New York, NY— The Nasdaq Stock Market® today announced that figures show share volume in the third quarter of 2001 increased over the same period last year. Daily volume averaged 1.63 billion shares in the third quarter of this year, a 2.99 percent increase from 1.59 billion shares in the third quarter of 2000. Share volume in the third quarter totaled 96.50 billion, even though the nation’s equity markets were closed for four consecutive days as a result of the September 11 tragedy in downtown New York City. Comparatively, total share volume in the third quarter last year was 100.04 billion. Eight of the 100 heaviest trading sessions ever on Nasdaq® occurred in the third quarter of 2001.

The dollar volume of trading totaled $1.92 trillion in the third quarter, a 59.61 percent decrease from $4.75 trillion in the same period in 2000, and a 60.44 percent decline from the fourth quarter of 2000. Daily dollar volume in the third quarter averaged $32.51 billion.

The Nasdaq Composite® Index closed out the third quarter of this year 39.33 percent lower than the fourth quarter of 2000. Compared with the third quarter last year, the Composite fell 59.19 percent.

The market value of the more than 4,200 companies listed on Nasdaq was $2.30 trillion at the end of the third quarter, a decline of 35.97 percent from year-end 2000, and a 56.42 percent drop from the third quarter one year ago.

Wick Simmons Assumes Chairmanship of Nasdaq

The Nasdaq Stock Market announced on Septembrer 26 that its Board of Directors officially named Chief Executive Officer Hardwick "Wick" Simmons Nasdaq's new Chairman. He succeeded Frank G. Zarb in that role. Simmons also retained his position as Chief Executive Officer. Zarb remains as a Senior Advisor. Zarb continues as chairman of Nasdaq Europe. This completes a management transition plan that had been announced in July. Simmons appointment as CEO was announced on December 20, 2000. He officially joined the company on February 1, 2001. From 1991 - 2000, he was President and Chief Executive Officer of Prudential Securities, Inc., the investment and brokerage firm; and Prudential Securities Group Inc., the firm's holding company. Prior to joining Prudential, Simmons was President of the Private Client Group at Shearson Lehman Brothers, Inc., overseeing the firm's Retail organization, which consisted of 10,500 financial consultants in 475 branches, as well as the Marketing and Sales and Financial Services divisions. Simmons began his career in the securities industry in 1966 when he became as a financial advisor at Hayden Stone, a predecessor to Shearson Lehman Brothers, Inc. He holds a B.A. (1963) and M.B.A. (1966) from Harvard University. He served in the U.S. Marine Corps Reserve from 1960 until 1966 and as chairman of the Securities Industry Association from 1988-1989.

Nasdaq Disaster Relief Fund Announced

On September 21, The Nasdaq Stock Market announced that it had created the Nasdaq Disaster Relief Fund, Inc., and will match contributions made to the fund, dollar-for-dollar, up to the first $1 million. A non-profit 501(c)3 corporation registered in Delaware, the Fund invites donations from Nasdaq® employees, its vendors, listed-companies, market participants, and the employees of these organizations. The Fund will make contributions to private and public charities to assist those who were affected by the September 11 terrorist attacks in New York City, Washington, D.C., and Pennsylvania.

Contributions to the fund can be made via the Internet by clicking on “Nasdaq Disaster Relief Fund” at www.nasdaq.com , www.nasdaq.com/newsroom and www.nasdaqtrader.com

or by mail to:

Nasdaq Disaster Relief Fund, Inc.
P.O. Box 830786
Drawer AL00423
Birmingham, AL 35283-0786

All Nasdaq National Market Securities Now Trade on SuperSoes

The Nasdaq Stock Market announced on July 30 that it successfully completed the implementation of its new automated trading system, SuperSoes^SM. As of that date, orders for all 3,500-plus Nasdaq National Market® (NNM) securities began to be automatically executed using SuperSoes. The first SuperSoes pilot was launched on Monday, July 9, 2001, when Nasdaq implemented 18 pilot SuperSoes securities and two test stocks. The second pilot conversion of an additional 80 Nasdaq stocks was successfully launched on July 16, 2001. In response to numerous member firm requests, Nasdaq phased-in five additional NNM securities-Intel Corporation (NASDAQ:INTC) and Cisco Systems (NASDAQ:CSCO)-on July 23, 2001 and three additional securities-Dell Computer (NASDAQ:DELL), Oracle Corporation (NASDAQ:ORCL), and Sun Microsystems (NASDAQ:SUNW)-on July 26, 2001. SuperSoes is the new primary order routing and automatic execution system for all Nasdaq National Market® (NNM) securities. Nasdaq will study its operation before determining whether to apply it to SmallCap issues. SuperSoes accepts orders of up to 999,999 shares at a time, allowing traders to execute large orders in a single transaction. SuperSoes is a first step to SuperMontageSM, Nasdaq’s new decimal-based trading system that is scheduled for implementation in 2002. SuperMontage will further increase the information available to investors and will continue to drive down the cost of trading.

Nasdaq Grants Permission To The New York Stock Exchange To Trade QQQ

The Nasdaq Stock Market announced on July 12 that it had granted permission to the New York Stock Exchange (NYSE) to trade the Nasdaq-100 Index Tracking StockSM (Amex: QQQ). In an unprecedented move, NYSE, for the first time, exercised Unlisted Trading Privileges and traded a security that is not listed on the NYSE. "It is not surprising that NYSE wanted to join the ranks of virtually all of the regional and national U.S. stock exchanges that are trading or plan to trade shares of QQQ." said John L. Jacobs, senior vice president of The Nasdaq Stock Market and president and chief executive officer of Nasdaq Investment Product Services, Inc. "One of the most highly traded exchange traded funds (ETFs) in the world … we are pleased that the NYSE has recognized the tremendous success of QQQ.” Designed to closely track the performance of the Nasdaq-100 Index® (NDX), which is composed of the 100 largest non-financial companies listed on Nasdaq®, QQQ enables investors to buy or sell shares in the collective performance of the Nasdaq-100 Index-just as they would trade shares of individual stocks.

Nasdaq Selects Ad Agency McKinney & Silver

The Nasdaq Stock Market announced on August 7 today that it had selected advertising agency McKinney & Silver as its marketing partner effective immediately. Located in Raleigh, North Carolina, McKinney & Silver is part of the international network of agencies, the Havas Group, and represents high-profile brands such as Audi of America, Bacardi USA, and XO Communications. Commenting on the selection, Denise Benou Stires, Executive Vice President, Marketing and Investor Services of Nasdaq, noted, "We are delighted to be teaming up with McKinney & Silver. As the world’s largest stock market, Nasdaq has a very strong brand today. As we go forward, McKinney & Silver is the ideal partner to take our brand to the next level and to help Nasdaq realize its vision for a fully global marketplace." McKinney & Silver, one of America’s most creatively acclaimed agencies, creates new futures for brands through powerful consumer connections.

Statistics

	3rd Qtr. '01	4th Qtr. '00	% Chg.	3rd Qtr. '00	% Chg.
Total Share Volume	96.50 billion	128.19 billion	-24.72	100.04 billion	-3.54
Average Daily Share Volume	1.63 billion	2.03 billion	-19.62	1.59 billion	2.99
Total Dollar Volume	1.92 trillion	4.85 trillion	-60.44	4.75 trillion	-59.61
Average Daily Dollar Volume	32.51 billion	76.97 billion	-57.76	75.39 billion	-56.87
Quarter-end Market Value	2.30 trillion	3.60 trillion	-35.97	5.28 trillion	-56.42

Indices	3rd Qtr. '01	4th Qtr. '00	% Chg.	3rd Qtr. '00	% Chg.
Composite	1498.80	2470.52	-39.33	3672.82	-59.19
Industrial	1090.51	1482.99	-26.47	2046.65	-46.72
Bank	2059.82	1939.45	6.21	1779.01	15.78
Insurance	2285.26	2193.37	4.19	1881.24	21.48
Other Financial	2048.51	2437.00	-15.94	2926.95	-30.01
Transportation	980.72	1160.40	-15.48	1020.16	-3.87
Telecom	203.10	463.44	-56.18	729.94	-72.18
Computer	675.39	1294.97	-47.85	2123.49	-68.19
Biotech	742.70	1084.51	-31.52	1315.16	-43.53
Nasdaq-100	1168.37	2341.69	-50.11	3570.61	-67.28
Nasdaq Financial 100	1982.29	2004.41	-1.10	1882.23	5.32
Natl. Market Composite	679.94	1124.50	-39.53	1671.76	-59.33
Natl. Market Industrial	448.46	612.29	-26.76	844.32	-46.89
Nasdaq Canada	280.74	798.02	-64.82	N.A.	N.A.

Nasdaq National Market Share Volume Leaders from January-September 2001
Symbol	Company Name	Volume	Closing Price Price 9/28/01
CSCO	Cisco Systems, Inc.	16,296,128,000	$12.18
INTC	Intel Corporation	10,168,305,000	$20.44
SUNW	Sun Microsystems, Inc.	9,133,503,000	$8.27
ORCL	Oracle Corporation	9,092,855,000	$12.58
MSFT	Microsoft Corporation	7,554,905,000	$51.17
JDSU	JDS Uniphase Corporation	6,704,065,000	$6.32
DELL	Dell Computer Corporation	6,217,355,000	$18.53
WCOM	WorldCom, Inc.	6,111,503,000	$15.04
JNPR	Juniper Networks, Inc.	4,102,539,000	$9.70
EXDS	Exodus Communications, Inc.	4,044,830,000	$0.17

Nasdaq National Market Price Performance Leaders as of September 28, 2001
($3 Minimum 3rd Quarter Closing Price)		Closing Price 12/29/00	Closing Price 9/28/01	Percent Change

Symbol	Company Name
NYHC	New York Health Care, Inc.	$0.28	$5.25	1775.00
MIMS	MIM Corporation	$0.87	$10.50	1106.90
PHLI	PacificHealth Laboratories, Inc.	$0.31	$3.66	1080.65
HLYW	Hollywood Entertainment Corporation	$1.06	$11.75	1008.49
MOVI	Movie Gallery, Inc.	$2.16	$20.73	859.72
VISG	Viisage Technology, Inc.	$0.87	$7.25	733.33
ACTN	Action Performance Companies, Inc.	$2.37	$18.21	668.35
FLIR	FLIR Systems, Inc.	$5.56	$41.03	637.95
INVN	InVision Technologies, Inc.	$1.43	$9.93	594.41
ATAC	Aftermarket Technology Corp.	$2.18	$14.80	578.90

International Listings in the Third Quarter 2001

Symbol	Company Name	Country		Entry
IAIA	Intier Automotive Inc.	Canada		8/9/01
EIMO	Eimo Oyj	Finland		8/16/01
MXRE	Max Re Capital Ltd.	Bermuda		8/14/01
TRCM	Transcom WorldWide S.A.	Luxembourg		9/6/01
XSON	Claxson Interactive Group, Inc.	B.V.I		9/24/01
					Closing Price 9/28/01
Symbol	Company Name	Country	YTD Dollar Volume
CHKP	Check Point Software Technologies Ltd.	Israel	$123,277,294,000		$22.02
FLEX	Flextronics International Ltd.	Singapore	$48,766,183,000		$16.54
ERICY	LM Ericsson Telephone Company	Sweden	$24,324,337,000		$3.49
RIMM	Research in Motion Limited	Canada	$22,972,156,000		$16.08
TEVA	Teva Pharmaceutical Industries Limited	Israel	$15,526,677,000		$60.45
ASML	ASML Holding N.V.	Netherlands	$13,271,927,000		$11.21
SHPGY	Shire Pharmaceuticals Group, plc	United Kingdom	$10,984,055,000		$40.30
BLDP	Ballard Power Systems, Inc.	Canada	$6,642,767,000		$19.56
BOBJ	Business Objects S.A.	France	$6,271,539,000		$19.50
SMTF	SmartForce plc	Ireland	$5,693,244,000		$16.36

The Nasdaq Stock Market® lists over 4,200 companies and trades more shares per day than any other U.S. market. For more information about Nasdaq, visit the Nasdaq Web site at www.nasdaq.com or the Nasdaq Newsroom^SM at www.nasdaq.com/newsroom.

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