New York, N.Y.—The Nasdaq Stock Market, Inc. (NASDAQ^®;OTCBB: NDAQ), today announced that NASDAQ Transaction Services has expanded its sales force and added five new sales Directors, reporting to Steve Blatney, Vice President of NASDAQ Transaction Services. With the expansion of its sales force, NTS will focus on maximizing relationships with buy and sell side clients. During the next several months, the sales team will work closely with current and prospective clients to implement post-trade anonymity, broaden access to our system through FIX, and other market improvements and developments to SuperMontage.

The newly hired sales executives include:

John Denza, Director; Transaction Services
Drew Krichman, Director; Transaction Services
Kathleen MacGilvray, Director; Transaction Services
Allison Merna, Director; Transaction Services
Chris Siclare, Director; Transaction Services

John Denza, Drew Krichman, and Chris Siclare were most recently with Instinet Group Inc., where they managed key sell-side customer accounts and served as the primary sales team for Instinet and Island business accounts. Mr. Denza and Mr. Siclare were Island sales representatives since 2000 and Mr. Krichman joined Island in 2001.

Kathleen MacGilvray, who also came from Island and was most recently with Instinet, was responsible for product strategy for the sell-side business. Ms. MacGilvray, joined Island in 2002 as a sales associate and also previously worked for Brut. Allison Merna was most recently with OM Technologies, where she was responsible for new business sales of transaction technology in the US. Ms. Merna also served in various sales capacities for Ashton Technology Group and First Call/Thompson Financial.

The new sales Directors will be based in New York.

"The appointments within our sales force signal a strategic restructuring of NASDAQ's Transaction Services business, said Mr. Blatney. By combining current and new NASDAQ sales executives with strong customer relationships, we have built a robust team of highly experienced professionals focused on satisfying our customers across all business segments while attracting new business."

"Together with our newly realigned sales team, the core mission of the Transaction Services business is to build market volume, enhance trading features and broaden access points to our system, while cultivating strategic relationships with third parties to maximize our connectivity," added, Glen Wolyner, Executive Vice President, NASDAQ.

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