NASDAQ TO COMPLETE PHLX ACQUISITION AND RE-BRANDING

Posted July 24, 2008

NEW YORK – The Nasdaq OMX Group, Inc. (Nasdaq: NDAQ) intends to complete its acquisition of The Philadelphia Stock Exchange today, expanding The Nasdaq OMX Group's presence in the derivatives market.

‘This transaction solidifies our position as a major player in the US options market and is a critical step forward in our transformation as a global cash equities and derivatives exchange,’ says Bob Greifeld, Chief Executive Officer of Nasdaq OMX. ‘The Philadelphia Stock Exchange's rich history and strong options leadership coupled with its diverse product offering, existing market share and loyal customer base is a natural fit for Nasdaq OMX.’

The Philadelphia exchange will be renamed Nasdaq OMX PHLX, and the completed acquisition will make Nasdaq OMX the third-largest US options market, with 17 percent market share for US equity options trading. Nasdaq OMX PHLX will become part of Nasdaq Transaction Services US group, but will remain a separate entity from the Nasdaq Options Market itself.

‘In this rapidly consolidating industry, the merger with Nasdaq OMX will ensure that the Philadelphia derivatives business will be a catalyst for growth in Nasdaq OMX's global derivatives strategy,’ says Meyer ‘Sandy’ Frucher, formerly Chairman and Chief Executive Officer of The Philadelphia Stock Exchange, who will become a Vice Chairman of the Nasdaq OMX Group. ‘We share the belief that the options markets are poised for continued strong growth and we look forward to helping position the Nasdaq OMX options brand worldwide.’

Nasdaq OMX PHLX will offer both electronic and hybrid floor-based options trading, and plans to maintain operations at The Philadelphia Stock Exchange building including its options trading floor.