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Nasdaq Comments On The Possible Collapse Of One Liberty Plaza Headquarters In New York City

Date 13/09/2001

The Nasdaq Stock Market, Inc., offers the following statement on the reported possible collapse of its New York headquarters building at One Liberty Plaza as a result of the tragedy in downtown New York City. At present, we have no evidence that the building willl collapse, but want to provide some perspective on what such an event would mean.

While unfortunate, the collapse would have no impact on the reopening of Nasdaq, when the U.S. markets open in the next several days. With primary and back-up data centers located outside of New York City, the ability to operate the Nasdaq market would be unaffected by the loss of the building.

One Libery Plaza housed approximately 127 employees, about 10 percent of the total workforce, primarily headquarters staff. Occupying three floors of the building, employees were safely evaluated on Tuesday morning. Nasdaq has identified space to relocate displaced employees at various other existing Nasdaq facilities, if necessary.

The Nasdaq Stock Market lists over 4,300 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 NewsroomSM at www.nasdaqnews.com.

Nasdaq's Broadcast Studio is visible from the street and is normally used by major broadcast organizations for market updates and other financial news reporting. Against a backdrop of 96 video screens, reporters broadcast more than 150 market reports per day. Their reports go live through multiple satellite uplinks around the globe.