New York, NY—- The NASDAQ Stock Market, Inc. (NASDAQ^®) today announced a new pricing schedule for SuperMontage, which has been filed with the Securities and Exchange Commission (SEC) for immediate effectiveness. The new pricing is scheduled to be implemented on November 1 for stocks trading on SuperMontage and will become effective in additional stocks as they are phased into SuperMontage. SuperSoes and SelectNet pricing will remain unchanged.

SuperMontage, which was launched with the trading of "live" securities on October 14, is a fully integrated order display and execution system for the trading of NASDAQ-listed securities. The new trading platform is designed to enable investors to get better price information and helps brokers better serve their customers by providing more transparency.

Highlights of the new SuperMontage pricing include:

• Non-directed and preferenced order execution:
  • $0.003 per share if executing firm does not charge an access fee.
  • $0.001 per share if executing firm charges an access fee (no change).
• Non-directed liquidity provider rebate: $0.002 per share to members that do not charge an access fee.
• Directed orders execution: $0.003 per share.
• Price cap on securities priced at $1.00 or less per share:
  • $75 maximum for non-directed and preferenced order execution if executing firm does not charge an access fee.
  • $25 maximum for non-directed order execution if executing firm charges an access fee.
  • $50 maximum for liquidity provider rebate.

"Our new pricing positions NASDAQ competitively in the current marketplace," said Dean Furbush, executive vice president, NASDAQ Transaction Services. "The higher liquidity provider rebate will be a real plus for market participants using SuperMontage as it provides additional incentive to provide liquidity on NASDAQ."

NASDAQ (OTCBB: NDAQ) is the world's largest electronic stock market. With nearly 4, 000 companies, NASDAQ lists more companies and trades more shares per day than any other U.S. market. Over the past five years, NASDAQ has outpaced all other US markets in listing IPOs. It is home to category-defining companies that are leaders across all areas of business including technology, retail, communications, financial services, media and biotechnology industries. NASDAQ is a key driver of capital formation. For more information about NASDAQ, visit the NASDAQ Web site at www.nasdaq.com or the NASDAQ Newsroom^SM at www.nasdaq.com/newsroom