Spreadsheet: 10001d64-c19e-44f3-b829-71a7f513c7eb
Sheet: Detailed Revenue

The NASDAQ OMX Group, Inc.
Revenue Detail
(in millions)
 |  |  |  | Three Months Ended |  |  |  |  |  |  | Year Ended
 |  |  |  | December 31, |  | September 30, |  | December 31, |  |  | December 31, |  | December 31,
 |  |  |  | 2011 |  | 2011 |  | 2010 |  |  | 2011 |  | 2010
 |  |  |  | (unaudited) |  | (unaudited) |  | (unaudited) |  |  | (unaudited)
MARKET SERVICES
 | Transaction Services
 | Cash Equity Trading Revenues:
 | U.S. cash equity trading |  |  | 385 |  | 481 |  | 331 |  |  | 1617 |  | 1600
 | Cost of revenues:
 | Transaction rebates |  |  | -261 |  | -327 |  | -219 |  |  | -1087 |  | -1094
 | Brokerage, clearance and exchange fees |  |  | -87 |  | -111 |  | -75 |  |  | -375 |  | -341
 | Total U.S. cash equity cost of revenues
 | Net U.S. cash equity trading revenues
 | European cash equity trading |  |  | 22 |  | 24 |  | 23 |  |  | 93 |  | 90
 | Total net cash equity trading revenues
 | Derivative Trading and Clearing Revenues:
 | U.S. derivative trading and clearing |  |  | 110 |  | 121 |  | 131 |  |  | 471 |  | 390
 | Cost of revenues:
 | Transaction rebates |  |  | -63 |  | -63 |  | -80 |  |  | -257 |  | -218
 | Brokerage, clearance and exchange fees |  |  | -6 |  | -7 |  | -9 |  |  | -29 |  | -22
 | Total U.S. derivative trading and clearing cost of revenues
 | Net U.S. derivative trading and clearing revenues
 | European derivative trading and clearing |  |  | 32 |  | 33 |  | 32 |  |  | 128 |  | 115
 | Total net derivative trading and clearing revenues
 | Access Services Revenues |  |  | 56 |  | 60 |  | 48 |  |  | 223 |  | 173
 | Total Transaction Services revenues less transaction
 | rebates, brokerage, clearance and exchange fees
 | Market Data Revenues:
 | Net U.S. tape plans |  |  | 29 |  | 30 |  | 28 |  |  | 115 |  | 117
 | U.S. market data products |  |  | 37 |  | 33 |  | 32 |  |  | 135 |  | 126
 | European market data products |  |  | 21 |  | 20 |  | 19 |  |  | 83 |  | 70
 | Total Market Data revenues |  |  |  |  |  |  | 79
 | Broker Services Revenues |  |  | 5 |  | 5 |  | 4 |  |  | 19 |  | 15
 | Other Market Services Revenues |  |  | 1 |  | 1 |  | 0 |  |  | 2 |  | 4
 | Total Market Services revenues less transaction
 | rebates, brokerage, clearance and exchange fees
ISSUER SERVICES
Corporate Client Group: | Global Listing Services Revenues:
U.S. Operations: | Annual renewal |  |  | 29 |  | 30 |  | 29 |  |  | 118 |  | 113
 | Listing of additional shares |  |  | 10 |  | 10 |  | 10 |  |  | 39 |  | 39
 | Initial listing |  |  | 4 |  | 4 |  | 4 |  |  | 16 |  | 18
 | Total U.S. listing services
 | European listing fees |  |  | 13 |  | 13 |  | 12 |  |  | 54 |  | 49
 | Corporate Solutions |  |  | 24 |  | 22 |  | 22 |  |  | 90 |  | 78
 | Total Global Listing Services revenues
 | Global Index Group Revenues |  |  | 13 |  | 13 |  | 12 |  |  | 52 |  | 47
 | Total Issuer Services revenues
MARKET TECHNOLOGY
 | License, support and facility management |  |  | 29 |  | 28 |  | 27 |  |  | 115 |  | 103
 | Delivery project |  |  | 6 |  | 6 |  | 5 |  |  | 24 |  | 17
 | Change request, advisory and broker surveillance |  |  | 13 |  | 12 |  | 14 |  |  | 44 |  | 32
 | Total Market Technology revenues
Other |  |  |  | 0 |  | 0 |  | 0 |  |  | 0 |  | 1
Total revenues less transaction rebates, brokerage,
clearance and exchange fees