Businessweek

exes, and fund market data. European Market Data Products: The exchanges that comprise NASDAQ OMX Nordic and NASDAQ OMX Baltic, as well as NASDAQ OMX Commodities, offer European market data products and services. These data products and services provide critical market transparency to professional and non-professional investors who participate in European marketplaces and, at the same time, give investors insight into these markets. European market data products and services are based on the trading information from the exchanges that comprise NASDAQ OMX Nordic and NASDAQ OMX Baltic, as well as NASDAQ OMX Commodities, for the following classes of assets: cash equities, bonds, derivatives, and commodities. The company provides varying levels of quote and trade information to market participants and to data distributors, who in turn provide subscriptions for this information. The company provides a range of data products including products in real-time, some with a time delay or in batch delivery. These products and services are packaged for market professionals, as well as for private individuals, and include real-time information on market depth, specific transactions and share-price trends, the compilation, and calculation of reference information, such as indexes and the presentation of statistics. The company’s primary European market data products include Nordic Equity TotalView, which provides full market insight into the order book, news and analysis data for all Nordic cash equities. The product also includes index values and weights and liquidity measure indicators; Nordic Derivative TotalView ITCH, the low latency source for Nordic derivatives, which displays all bid/ask prices in the order book, real time listing details and trading information; and Nordic Fixed Income Level 2, which provides listing details, order book information, bid and ask quotes for up to five levels, trade information, derived information, indicative bid and ask quotes, daily turnover statistics, and company disclosures. Broker Services The company’s Broker Services operations offer technology and customized securities administration solutions to financial participants in the Nordic market. Broker Services provides services through a registered securities company that is regulated by the Swedish Financial Supervisory Authority. Services primarily consist of flexible back-office systems, which allow customers to entirely or partly outsource their company’s back-office functions. The company offers customer and account registration, business registration, clearing and settlement, corporate action handling for reconciliations, and reporting to authorities. Available services also include direct settlement with the Nordic central securities depositories, real-time updating, and communication via the Society for Worldwide Interbank Financial Telecommunication (SWIFT) to deposit banks. ISSUER SERVICES The company offers capital raising solutions to approximately 3,300 companies around the globe. It operates various listing platforms around the world to provide multiple global capital raising solutions for private and public companies. The company’s main listing markets are The NASDAQ Stock Market and the exchanges that comprise NASDAQ OMX Nordic and NASDAQ OMX Baltic. It offers a consolidated global listing application to companies to enable them to apply for listing on The NASDAQ Stock Market and the exchanges that comprise NASDAQ OMX Nordic and NASDAQ OMX Baltic, as well as NASDAQ Dubai. In addition, through its Corporate Solutions business, the company offers companies access to products and software solutions and services to facilitate better corporate governance. Global Listing Services The company’s Global Listing Services business includes its U.S. Listings, European Listings, and Corporate Solutions businesses. U.S. Listings: Companies listed on The NASDAQ Stock Market represent an array of industries, including health care, consumer products, telecommunication services, information technology, financial services, industrials, and energy. Companies seeking to list securities on The NASDAQ Stock Mark