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Nasdaq Retains Heidrick & Struggles For Search

Date 24/02/2003

The Nasdaq Stock Market, Inc. today announced it has retained Heidrick & Struggles (NASDAQ:HSII) to assist in its search for a new chief executive officer. The search is being led by NASDAQ Board Member Frank E. Baxter, chairman emeritus of Jefferies Group, Inc.

NASDAQ (OTCBB:NDAQ) is the world's largest electronic stock market. With approximately 3,700 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 NewsroomSM at www.NASDAQnews.com.