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Nasdaq Applauds Senate Confirmation Of Harvey Pitt As SEC Chairman

Date 02/08/2001

The following statement was issued today by Hardwick Simmons on behalf of The Nasdaq Stock Market, Inc. regarding the U.S. Senate's confirmation of Harvey Pitt Chairman of the Securities and Exchange Commission (SEC). Mr. Simmons is chief executive officer of Nasdaq NASD.

"We are delighted that Harvey Pitt has been confirmed as chairman of the SEC. President Bush deserves much credit for nominating Mr. Pitt, who brings a wealth of knowledge and experience to the position during a period of unprecedented change in the marketplace. Under his stewardship of the SEC, we are confident he will promote quality, trust and integrity in the securities industry. We, too, share in those objectives and look forward to working with him in the years to come."

The Nasdaq Stock Market lists over 4,300 companies, has a larger dollar volume, 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.