NASDAQ Announces Market Statistics for the First Six Months of 2004

NASDAQ Announces Market Statistics for the First Six Months of
2004 


NEW YORK, July 13  /PRNewswire-FirstCall/ -- The Nasdaq Stock Market, Inc.'s
("NASDAQ(R)") (OTC:NDAQ) (BULLETIN BOARD: NDAQ)  Market Intelligence Desk(R)
announced market statistics for the six-month period ended June 30, 2004.

                                                            YTD Ending
   Index                                1Q          2Q       6/30/04
   NASDAQ Composite(R)                -0.5%        2.7%        2.2%
   NASDAQ-100 Index(R)                -2.0%        5.4%        3.4%
   NASDAQ Financial - 100(SM)          3.1%       -1.9%        1.1%
   NASDAQ Industrial Index(R)          4.0%        2.9%        6.9%
   NASDAQ Transportation Index(R)     -2.3%       11.6%        9.3%
   NASDAQ Bank Index(SM)               1.7%       -1.3%        0.4%
   NASDAQ Telecommunication Index(R)   0.2%        1.2%        1.3%
   NASDAQ Insurance Index(SM)          7.2%        2.4%        9.6%
   NASDAQ Computer Index(R)           -5.1%        4.7%       -0.4%
   NASDAQ Biotechnology Index(R)       7.5%       -2.4%        5.0%

  Source: NASDAQ Market Intelligence Desk

  Market Data

  * The NASDAQ Composite increased 2.2% for the six-month period. This was
    driven by a strong second quarter gain of 2.7% and increases in the
    NASDAQ Insurance (9.6%), NASDAQ Transportation (9.3%) and NASDAQ
    Industrial (6.9%) composite sub indices.

  * The NASDAQ Transportation Index experienced the biggest percentage gain
    during the period at 9.3%.  After a -2.3% decline in the first quarter
    the index gained approximately 12% in the second quarter.

  * NASDAQ average daily share volume for the six-month period was 1.9
    billion shares, an increase of 17% over the comparable period last year.
    Total share volume for the same period was up 17% to 234.6 billion
    shares.

  * Average daily dollar volume for the same period was up 42% to $35.7
    billion and total daily dollar volume was $4.4 trillion up 42%.

  * Market capitalization increased 30% to $3.1 trillion in comparison to
    the first six months of 2003.

  * An average of 3.8 million trades were executed per day during the
    period, an increase of 42%. Total executed trades also increased 42% to
    468.2 billion.

  IPOs

  * NASDAQ captured 70% or 74 of the 105 IPOs during the first six months of
    2004.  This compares to 5 IPO's during the first six months of 2003 and
    83 IPO's across all markets in all of 2003.

  * As shown in Table A, NASDAQ's 74 IPOs fell within eight main sectors
    with the leaders being Financials, Healthcare and Technology. Table B
    provides a sector breakdown of all 105 IPOs.

  * 147 S-1 applications were filed as of June 30, 2004.

           TABLE A -                                TABLE B -
   NASDAQ IPO Breakdown By Sector          Capital Markets IPO Breakdown

                   Percent of                                 Percent of
   Sector          Marketplace              Sector            Marketplace
   Technology           27%                 Healthcare            38%
   Financials           22%                 Technology            20%
   Healthcare           18%                 Financials            19%
   Consumer             16%                 Industrials            5%
   Industrials          10%                 Energy/Utilities       4%
   Energy/Utilities      3%
   Telecom Services      2%
   Materials             2%

  Source: NASDAQ Market Intelligence Desk

  New Listings

  * NASDAQ added 10 non-U.S. companies in the first six months of 2004
    bringing the total to 340. Additions included Lipman Electronic
    Engineering (LPMA) of Israel, Tom Online (TOMO) of China, Geac Computer
    (GEAC) of Canada, Linktone (LTON) of China, Shanda Interactive
    Entertainment (SNDA) of China, Xyratex Ltd. (XRTX) of the United
    Kingdom, PowerDsine Ltd. (PDSN) of Israel, Global Crossing (GLBCE) of
    Bermuda, Hemosol Corp. (HMSL) of Canada, and Quanta Capital Holdings
    Ltd. (QNTA) of Bermuda.

  * 7 NYSE companies dual listed on NASDAQ, an initiative launched in
    January 2004, including American Financial Group (NYSE:AFG), Apache
    Corporation (NYSE:APA), Cadence Design Systems (NYSE:CDN), The Charles
    Schwab Corporation (NYSE:SCH), Countrywide Financial (NYSE:CFC),
    Hewlett-Packard (NYSE:HPQ), and Walgreens (NYSE:WAG).

  * Industrial Distribution Group Inc., formerly a NYSE-listed company
    voluntarily delisted and switched to NASDAQ in May 2004

  NASDAQ Products and Services

  * NASDAQ's Closing Cross was used to conduct the annual reconstitution of
    the Russell Investment Group's 21 U.S. stock indexes on June 25, 2004.
    Approximately 333 million shares were executed through the Closing Cross
    for 1637 Russell Index stocks equating to $5.3 billion in dollar volume
    for the day.

  * In May 2004 The NASDAQ-100 Index Tracking Stock(R) ("QQQ(SM)") was
    extended into Mexico, becoming the first foreign Exchange Traded Fund
    (ETF) to trade in any Latin American country.  The QQQ's also became
    available to Japanese investors in May, raising the number of QQQ
    investors to more than one million.

  * The NASDAQ market center(SM), a high capacity single trading platform
    for NASDAQ, NYSE and AMEX securities including ETFs, was launched in
    March 2004. The fully redundant platform offers trade execution and
    reporting for over 6,700 securities.

  About NASDAQ's Market Intelligence Desk (MID)


NASDAQ's Market Intelligence Desk utilizes state-of-the-art technology to
provide real-time monitoring that helps issuers track their company's stock
minute-by-minute. The team is comprised of MID professionals from a variety of
market backgrounds including: sell-side and buy-side trading, electronic and
auction markets, equity research, portfolio management, and investment banking.

About NASDAQ

NASDAQ is the largest U.S. electronic stock market.  With approximately 3,300
companies, it 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, transportation, media and biotechnology.
NASDAQ is the primary market for trading NASDAQ-listed stocks. Approximately
51% of NASDAQ-listed shares traded are reported to NASDAQ systems. For more
information about NASDAQ, visit the NASDAQ Web site at http://www.nasdaq.com/
or the NASDAQ Newsroom(SM) at http://www.nasdaqnews.com/ . 

DATASOURCE: The Nasdaq Stock Market, Inc.



CONTACT:  Bethany Sherman, [phone] or Kellie W. May,

[phone], both of The Nasdaq Stock Market, Inc.



Web site:  http://www.nasdaqnews.com/

http://www.nasdaq.com/ 

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