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Nasdaq Chairman And CEO Says Recovery From September 11th Attacks Demonstrates Resiliency And Strength Of The American People And Markets

Date 11/03/2002

"Our country's continuing recovery from the September 11 attacks demonstrates the strength and compassion of the American people and the resiliency of our markets," said The Nasdaq Stock Market Chairman and Chief Executive Officer Wick Simmons.

Nasdaq's market opening on Monday, March 11 began with a moment of silence in remembrance of those lost as a result of the tragic events of September 11, and in support of those engaged in combating terrorism around the world.

"We have witnessed a remarkable recovery from the most horrific of events. Americans across this country, and especially in New York, continue to build this nation with innovation, confidence and hard work," said Mr. Simmons. "Nowhere are these attributes better displayed than in our financial markets. Only in America would people put their trust in our equity markets to the tune of $20 million net in January, four months after the tragedy. "

During the period following the attacks, Nasdaq and the other American stock markets, along with the SEC and the City and State of New York, worked together closely to reopen the financial markets as quickly as possible after the events of September 11.

"Nasdaq's systems remained operative and, in cooperation with the other markets, we were able to provide technological and strategic resources to our listed companies and market participants," commented Mr. Simmons.

"Nasdaq is extremely proud of the role our employees, market participants and listed companies play everyday in the world economy, and of their actions on September 11 and the days following," Mr. Simmons concluded.