Review NASDAQ's (OTCBB: NDAQ) Third Quarter 2003 Financial Results

Wednesday, November 5, 2003

Results Call: 5:00 to 6:00 p.m. Eastern Time. Senior management will be available for questions from shareholders following prepared remarks via the following telephone numbers:

Telephone: 888.397.3920 (U.S.)
                   773.756.4602 (International)
Leader:      Paul Warburg
Password:  NASDAQ Earnings

All participants can access the conference via Internet webcast through the NASDAQ Investor Relations website at www.nasdaq.com.

An audio replay of the conference will be available approximately one hour after the call on the NASDAQ Investor Relations website at www.nasdaq.com or by dialing 800.925.1762 (U.S.) or 402.998.0033 (International).

News Media Q&A: Immediately following results call. Senior management will be available to answer questions from the press via the following telephone numbers:

Telephone: 877.952.8410 (U.S.)
                   484.630.2358 (International)
Leader:       Bethany Sherman
Password:   Media Earnings

Note: The press release of Third Quarter 2003 results will be posted on the NASDAQ Investor Relations website at www.nasdaq.com on Wednesday, November 5, 2003 after the market close.

NASDAQ (OTCBB: NDAQ) is the world's largest electronic stock market. With approximately 3,400 companies, NASDAQ lists more companies and trades more shares per day than any other U.S. market. 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. For more information about NASDAQ, visit the NASDAQ Web site at www.nasdaq.com or the NASDAQ Newsroom^SM at www.nasdaqnews.com.