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E*TRADE FINANCIAL Commences Trading On NASDAQ

Date 27/12/2006

The Nasdaq Stock Market, Inc. (Nasdaq:NDAQ) announced that E*TRADE FINANCIAL (Nasdaq:ETFC) will begin trading its common stock on the NASDAQ Global Select Market today under the symbol ETFC. E*TRADE FINANCIAL will also trade mandatory convertible notes known as Equity Units on NASDAQ under the symbol ETFCP.

"We are very pleased to welcome E*TRADE FINANCIAL to NASDAQ and to support their continued innovation and future growth," said Bob Greifeld, President and Chief Executive Officer of NASDAQ.

The E*TRADE FINANCIAL listing caps a record-breaking year for companies transferring to NASDAQ from other exchanges. NASDAQ has attracted New York Stock Exchange-listed companies with over $34 billion in market capitalization and 35 companies from other U.S. exchanges. NASDAQ's industry-leading technology, lower investor and issuer costs, and unique product and service support have contributed to attracting an increasing number of companies as they evaluate their listing market.