NASDAQ To Make Investor Presentation In New York City

The NASDAQ Stock Market, Inc. management will be making an investor presentation on Tuesday, November 11, 2003 at 12:30 p.m. EDT. The presentation is sponsored by CRT Capital Group, L.L.C., an institutional securities research and brokerage firm, and will be held during a luncheon at the Inter-Continental Hotel located at 111 East 48th Street in New York City.

The presentation will discuss NASDAQ's business model, strategic initiatives, financial overview and position within the exchange industry.

To attend the presentation in person, please contact Mary McArdle at CRT Capital LLC at +1 203 569-6474.

A conference call and webcast will be made available for those wishing to listen to the presentation and the subsequent question and answer session.

• The dial-in number for the event is (888) 469-0489 (Passcode: NASDAQ. Conference Leader: Steve Mazur)
• To listen to the webcast and to obtain a copy of the presentation please visit NASDAQ's website at www.nasdaq.com/investorrelationsthe day of the event.
• An audio replay of the presentation will be made available until December 1, 2003. The replay number is (800) 925-4670 (Passcode: NASDAQ).

With nearly 3,400 companies, NASDAQ (OTCBB; NDAQ) lists more companies and, on average, 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.