# EDGAR Filing Document

**Accession Number:** 0001120037
**File Stem:** 0001120037-26-000002
**Filing Date:** 2026-3
**Character Count:** 2770
**Document Hash:** be87c0aa82f65de95a99cdb3f36fdcb3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001120037-26-000002.hdr.sgml**: 20260319

**ACCESSION NUMBER**: 0001120037-26-000002

**CONFORMED SUBMISSION TYPE**: X-17A-5

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260319

**DATE AS OF CHANGE**: 20260319

**EFFECTIVENESS DATE**: 20260319

**PERIOD START**: 20250101

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NASDAQ CAPITAL MARKETS ADVISORY LLC
- **CENTRAL INDEX KEY:** 0001120037

**ORGANIZATION NAME:**
- **EIN:** 261750032
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** X-17A-5
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 008-52750
- **FILM NUMBER:** 26773694

**BUSINESS ADDRESS:**
- **STREET 1:** 151 WEST 42ND STREET
- **STREET 2:** ONE LIBERTY PLAZA
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 212-381-6440

**MAIL ADDRESS:**
- **STREET 1:** 151 WEST 42ND STREET
- **STREET 2:** ONE LIBERTY PLAZA
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NASDAQ OPTIONS SERVICES, LLC
- **DATE OF NAME CHANGE:** 20061026

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ISLAND EXECUTION SERVICES, LLC
- **DATE OF NAME CHANGE:** 20020129

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ISLAND EXECUTION SERVICES LLC                           /BD
- **DATE OF NAME CHANGE:** 20020129

### Attached PDF Documents

**Attachment 1:** `NCMA17a.pdf`

_No text found in this document._

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM X-17A-5

### ANNUAL AUDITED REPORT

### Filer Information

**Filer CIK:** 0001120037

**Filer CCC:** XXXXXXXX

**Is this a LIVE or TEST filing?:** LIVE

**Would you like a Return Copy?:** No

### Submission Information

**Report Period Begin Date:** 01-01-2025

**Report Period End Date:** 12-31-2025

**Type of Registrant:** Broker-dealer

**Any material weaknesses identified?:** Yes

### Registrant Identification

**Name of Broker-Dealer:** NASDAQ CAPITAL MARKETS ADVISORY LLC

**Business Address:** 151 WEST 42ND STREET, ONE LIBERTY PLAZA, NEW YORK, NY, 10036

**Contact Person:** Linda Crane

**Contact Phone:** (347) 2198923

### Independent Public Accountant Identification

**Accountant Name:** ERNST & YOUNG

**Accountant Address:** One Manhattan West, New York, NY, 10001

**Accountant Type:** Certified Public Accountant

### OATH OR AFFIRMATION

I, **Linda Crane**, swear (or affirm) that, to the best of my knowledge and belief, the accompanying financial statements and supporting schedules pertaining to the firm of **NASDAQ CAPITAL MARKETS ADVISORY LLC**, as of **03-19-2026**, are true and correct.

**Signature:** Linda Crane

**Title:** Principal Financial Officer