Nasdaq Liffe Markets May 2003 Volume

Nasdaq Liffe Markets, LLC (NQLX) announced today that 50,077 contracts were traded in May on NQLX. Average daily volume in May was 2,385 contracts.

The top five security futures contracts by volume in May were:

Tickers	Stocks	Number of Contracts
IWM	iShares Russell 2000	10,638
IWM	Microsoft Corporation	6,223
CSCO	Cisco Systems, Inc.	2,683
CSCO	Intel Corporation	2,384
ORCL	Oracle Corporation	2,075

Each contract represents 100 shares of the underlying stock. NQLX has a total of 93 security futures products, including futures on the NASDAQ-100 Index Tracking Stock (QQQ) and a suite of Russell iShares.

Open interest was at 47,206 contracts on May 30, 2003. That is a 27% increase from April 30, 2003.

The most active day was Thursday, May 22nd when 8,150 contracts traded.

NQLX is a fully electronic, federally regulated exchange formed as a joint venture between The NASDAQ Stock Market Inc.® and LIFFE (London International Financial Futures and Options Exchange). It lists security futures on both exchange-traded funds and the largest U.S. companies through LIFFE's electronic trading platform, LIFFE CONNECT™. For more information on NQLX, visit: www.nqlx.com

NQLX: The Future of Financial Markets^SM