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FY2012 Annual Report · Nasdaq
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NASDAQ OMX
2012 ANNUAL REPORT

TaBle of ConTenTs

To our shareholders   .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  2

redefining our Business   .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  5

Diversified Business Growth   .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  6 

Innovation   .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .

 9 

Acquisitions  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  10 

Technology Is Core   .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  11 

Realigned Business   .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  12

Operational Excellence   .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  12 

sTrengThening our Core   .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . .  13

Responding to Challenges  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  14

Strategic Vision  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  15

Capital Allocation Strategies  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  16

leading The way    .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . .  17

Public Policy  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  18

Market Innovation  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  19

Corporate Sustainability   .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  19

2

To our shareholders

In 2012, NASDAQ OMX demonstrated the 
strength of its business model and the 
innovative spirit of its employees .

Despite the challenges we faced, we 
continued to execute our mission of 
improving the value we deliver to our 
clients and the attractive returns we 
generate for our shareholders .

In my view, history will judge 2012 to 
be an inflection point in our markets, 
our business, and the future of NASDAQ 
OMX .  Our long-term vision of building 
a diversified portfolio of businesses, 
combined with sound expense control 
and a strong capital position, has not 
only been a sensible approach, but a 
key differentiator for our organization . 

History will judge 2012 to be an 
inflection point in our markets, 
our business and the future of 
NASDAQ OMX .

The successful execution of our 
business plan has allowed for an 
independent and thoughtful approach 
to the future, and has strengthened 
our long-term competitive position—
which is stronger than ever .  In fact, in 
2012, our relative revenue and earnings 
position outperformed the majority in our 
peer group .

our evoluTion – from u .s . equiTy 
exChange To a diversified 
PorTfolio of gloBal Businesses 

Although historically we have been 
predominately known as a U .S . equities 

exchange, NASDAQ OMX continued on its 
path of becoming much more than that . 
We are transforming into a technology 
services and transaction company, 
dedicated to helping customers 
worldwide improve their productivity 
and manage risks more effectively . We 
have strategically redefined who we are 
over the past several years through a 
combination of new product and service 
launches and bolt-in acquisitions . 
Our strategy is working . We are 
building the foundation for growth 
and outperformance regardless of the 
economic, business, or volume cycles . 
A core objective of ours is to become 
one of the top business, technology, 
and information services providers in 
the world .

We ended the year with solid financial 
and operating results, and began 2013 
cautiously optimistic that, for the first 
time since 2007, many global markets 
in which we operate are beginning 
to show signs of improving . While we 
are pleased with our results in 2012, 
by no means are we complacent . 
The management team and Board of 
Directors believe the full earnings power 
of this franchise has yet to be realized . 

In 2012, we generated nearly $600 
million in cash flow from operations, 
and returned $275 million to 
shareholders through repurchase of 
11 .5 million shares at an average price 
of $23 .82 and $65 million through cash 
dividends . In the past three years, we 
repurchased 53 .4 million shares at an 
average price of $21 .97, returning a 
total of $1 .2 billion to shareholders .

In 2012, we generated nearly 

In cash flow from operatIons, and returned 

To shareholders Through rePurChases 
of 11 .5 million shares aT an average 
PriCe of $23 .82 and 

$65
million

through cash 
dIvIdends. 

Perhaps even more noteworthy was the 
fact that we were able to maintain roughly 
the same level of net revenues while 
significantly diversifying our franchise . 
Our businesses providing recurring and 
subscription-based revenues contributed 
to 71 percent of our net revenues in 2012, 
substantially above the comparative level 
of 55 percent in 2007 . Over the same period, 
global equity volumes witnessed a 30 to 40 
percent decline . 

In addition, our efforts to provide public 
and private companies with the tools 
and resources they require to effectively 
manage their constituents have resonated 
throughout the marketplace . The unique 

 
 
value proposition that NASDAQ OMX 
offers was evidenced by several 
high-profile listing wins and switches, 
including: Texas Instruments, Kraft 
Foods, and more recently, Goodyear . 
We will continue to stand out and 
attract new firms to our market 
because of the unique and compelling 
value that we offer .

That said, we love our transaction 
businesses . They are the largest 
contributor of net revenues and earnings 
to our consolidated business . Bringing 
buyers and sellers together in an open 
and transparent environment has always 
been in our DNA, and remains a thriving 
center of technology excellence and 
innovation at NASDAQ OMX . 

Today, NASDAQ OMX operates 26 
markets, 3 clearing houses, and 5 
central depositories . The U .S . and Nordic 
exchanges are solid businesses in which 
we continue to achieve greater scale 
efficiencies and diversify into a variety 
of asset classes, such as with NASDAQ 
OMX BX Options, our newest options 
exchange . Our Helsinki exchange marked 
its 100th year of operation in 2012, and 
our Stockholm exchange celebrated 150 
years of service in early 2013 . 

Yet we never stop looking for new and 
better ways to serve our customers and 
pursue growth opportunities across 
different sectors that complement 
our portfolio of products and services . 
For example, we continue to bring to 
market innovative data products, such 
as NASDAQ Basic and TotalView, and 
market systems software and services 
based on Genium INET for our customers 
to power their businesses throughout 

roBerT greifeld
Ceo

It is imperative 
to be flexible and 
opportunistic in 
responding to 
rapidly changing 
markets .

the world . We have also introduced a suite 
of solutions that covers the entire trading 
lifecycle for our members .

enhanCing our ClienT offering, 
delivering reTurns To 
shareholders

Acquisitions, both those completed 
and those set in motion in 2012, were 
analyzed through a rigorous set of 
financial disciplines, which allowed us to 
provide value for our clients as well as our 
shareholders . Without a doubt, this core 
discipline also contributed to the resiliency 
of our model . For NASDAQ OMX, a prospective 
acquisition must be strategically 
significant, accretive to shareholders 
within a year (excluding transaction costs), 
and deliver an adequate return on capital . 
Applying those filters, we invested $320 
million net of dispositions over the past 
five years to acquire a variety of assets, 
including the index business of Mergent, a 
majority interest in BWise, NOS Clearing, the 
business of RapiData, Glide Technologies, 
FTEN, and SMARTS .

Late last year, we also announced an 
agreement to acquire Thomson Reuters’ 

Investor Relations, Public Relations, and 
Multimedia Solutions businesses . We have 
long admired Thomson Reuters’ model in 
providing these services to many of our 
listed companies . Through this acquisition, 
we plan to accelerate our strategy and 
create one of the premier suites of 
products and services for public and private 
companies in our industry . We will bring the 
assets, talents, and technology together 
to continue to deliver a powerful suite of 
services to roughly 10,000 clients in more 
than 60 countries . The acquisition is subject 
to customary regulatory approvals and is 
expected to close in the first half of 2013 . 
Once the transaction closes, we plan to 
integrate these complementary businesses 
into NASDAQ OMX Corporate Solutions, a step 
that will create a global corporate services 
portfolio, with a unique and comprehensive 
offering for our corporate clients . 

We anticipate that these acquisitions, 
along with ongoing capital deployment 
efforts, will yield substantial client and 
shareholder value in the years ahead . 
However, it is imperative to be flexible 
and opportunistic in responding to rapidly 
changing markets, and to continually evolve 
our organization to address the needs of our 
diverse client base . 

4

To this end, in January 2013, we brought 
together our Market Technology and 
Corporate Solutions businesses to 
establish a new technology and software 
segment, Global Technology Solutions . 
The transaction with Thomson Reuters 
was one of the catalysts for this change . 
Global Technology Solutions will compete 
with a more comprehensive and strategic 
rationale and with a new profile similar 
to companies such as ACI Worldwide, 
Fidessa, Fiserv, and Fidelity National 
Information Services . We anticipate that 
our software and services will continue to 
be the preferred solutions for customers 
across many different businesses, 
industries, and regions . 

our sTraTegiC foCus

 + New organic growth opportunities 

 + Enhance our client offering 

 + The ability to adapt and transform 

ourselves in new and 
innovative ways 

In January 2013, we also combined our 
Global Data Products and Global Index 
Group into a new segment known as 
Global Information Services . These areas 
share healthy margins and experienced 
rising revenues last year . They are rooted 
in technology and the distribution of 
data—things we do exceptionally well . 
We have been creating innovative and 
transparent indexes since 1971 . Today 
there are more than 7,000 structured 
products based on NASDAQ OMX indexes, 
spanning different geographies and 
asset classes with nearly $1 trillion in 
notional value . As a result of this move, 
Global Information Services now has a 

profile similar to companies such as MSCI, 
McGraw Hill, and Factset, and contributes 
about 24 percent of NASDAQ OMX’s net 
annual revenues .

seTTing a new sTandard of 
exCellenCe

In 2012, the transformation we embarked 
on as a company clearly allowed us 
to deliver sound results in the face of 
adversity . In many respects, however, 
that journey is only beginning . Our 
mission and focus will remain on driving 
new organic growth opportunities and 
adjacent opportunities that enhance our 
client offering . 

Although our focus is primarily on 
delivering value to our clients and 
shareholders, we also recognize the 
critical role we play in a larger ecosystem . 
From the capital raising process, 
where emerging companies access the 
necessary resources that spur growth, to 
helping those same companies generate 
their own shareholder value, by more 
efficiently and effectively managing their 
constituents around the globe, to helping 
markets run more efficiently—we interact 
with the larger economic, business, and 
financial systems in many ways . To this 
end, we also partner with governments, 
industry leaders, and regulators to help 
forge new solutions for issues central to 
our markets and economies . 

In 2012, NASDAQ OMX was an advocate 
for companies and investors on several 
key issues including market structure, 
federal fiscal reform, and immigration . 
We are proud to be central to the 
economy and the issues that drive global 
competitiveness . 

As the global economy continues to 
recover, and because of the resiliency 
we exhibited as a company, NASDAQ 
OMX is well-positioned for the future . 
Our aggressive steps in meeting 
our cost, revenue, and technology 
objectives over the past three years 
should enable us to benefit from these 
improving economic conditions . 

For NASDAQ OMX, resiliency has always 
been about more than bouncing back 
from adversity, but also possessing the 
ability to adapt to and transform itself 
in new and innovative ways . It is with 
this in mind that we will strive to create 
even greater value for our customers 
and shareholders while continuing 
to make lasting contributions to our 
employees, listed companies, and the 
global community at large .

roBerT greifeld

chIef executIve offIcer

 
5

redefining our Business

NASDAQ OMX 2012 ANNuAl repOrt6

diversified Business growTh

finanCial PerformanCe

In 2012, NASDAQ OMX continued to build a diversified franchise generating substantial revenues and cash flow

2012 gaaP neT exChange revenues

TeChnology 

issuer serviCes 

11%

22%

Technology

listing services and  
 corporate solutions 

marKeT serviCes 

67%

derivatives

access services

11%

19%

18%

16%

3%

global Index services

21%

12%

global data Products 

equities

reCurring revenues

earnings  growTh

Subscription and recurring revenues reached 71% of net 
revenues by the end of 2012 with particular strength in our 
corporate solutions business

suBsCriPTion and reCurring revenues

Organic EPS showed a 58% Increase over the last 5 years

58% Increase

55%

71%

2007

2012

2008

2012

$1 .58 ePs

$2 .50 ePs

NASDAQ OMX 2012 ANNuAl repOrtDiversifieD         business Growth  Business exPansion highlighTs

aCCess serviCes

An expansive suite of products and solutions that give large 
sophisticated Traders access to our Marketplaces which help 
them operate more efficiently with less risk

2012

aPProximaTely  
16%

ToTal revenue, or $257m

of nasdaq omx’s  

gloBal  indexes

NASDAQ OMX Global Indexes has been at the forefront of market-
leading, transparent indexes since 1971 . Today, our index 
offering spans geographies and asset classes and includes 
diverse families such as the Green Economy, Nordic, Sharia and 
Commodity Indexes .

2012

+10% y-o-y 
Change

$57m

neT 
revenues

Today NASDAQ OMX licenses over 97 Exchange Traded Products 
with over $55B in assets under management .

In 2012, Global Index Group reached several key milestones 
by launching NASDAQ Global Index Family of 9000+ securities, 
representing more than 98% of the investable securities in 45 
countries, and closing its first acquisition of the index business 
of Mergent, Inc ., including Indxis . With this acquisition, Global 
Index Group becomes one of the largest dividend-themed 
indexers and further enhances our custom index  
offering capabilities .

7

TeChnology
nasdaq omx marKeT TeChnology is ParTner To over

exChanges, Clearinghouses and dePosiTories in

70
50CounTries

In 2012, the Market Technology business showed progress with 
a strong performance, delivering new business wins totaling 
$295 million . We continued to see traction with SMARTs, a 
leading technology provider of market surveillance solutions .

2012 
net revenues of

 $184m 
= 11%
OF TOTAL

NASDAQ OMX 2012 ANNuAl repOrtDiversifieD         business Growth  8

nasdaQ omx 2012 annual report

TransaCTion serviCes

gloBal daTa ProduCTs

In 2012 we continued to see momentum in our market data 
business . Revenue for the year reached $344M on the strength 
of subscriptions to new products like NASDAQ Basic, a low-
cost alternative to Level I data that provides real-time Best Bid 
and Offer and Last Sale information for all U .S . exchange-listed  
securities, taken from the data that transacts on our systems; 
ULTRAFEED, a highly-efficient data feed that aggregates all North 
American equity, options, futures, indexes and fund market data; 
and in our newly launched Field-Programmable Gate Array (FPGA), 
a hardware solution that offers customers a data feed that gives 
them a more deterministic view of the market .

+3% y-o-y Change in revenue 

$344m

Our U .S . Options Business has outperformed our other transaction 
businesses over the past several years . U .S . option revenues 
increased 10% Y-O-Y in 4Q12, driven by improved revenue capture 
and increased market share . This was attributed in part to our 
new BX Options market gaining share and our alternative trading 
venues like NASDAQ Options Market (NOM) gaining share . 

4q11

4q12

u .s . oPTion revenues 
inCreased 10% y-o-y

CorPoraTe soluTions

One of the drivers that made our model so successful over 
the past few years is the diversity of our business . Corporate 
Solutions led the way . This effort began six years ago and was 
built from the ground up to provide  companies with the tools and 
services necessary to become better public entities .

25% y-o-y Change in revenue growTh

$97 mIllIon

key to our success9

innovaTion

PaTenTs

As a leader in technology and market innovations since its inception, 
NASDAQ OMX has filed for more than 150 patents to date for market solutions 
and software it has developed . Innovation has always been – and will 
continue to be – part of our DNA .

150+ 

 p a t e n t s

gifT Program

Drawing on the innovative spirit of our employees, NASDAQ OMX created a way for new business ideas to be brought forth and vetted under 
its GIFT Program . In 2012, GIFT initiatives generated $134M in revenue for the company . Some of the business ideas that have been realized 
through this program are:

 + BX Equity Market 
 + Global Index Data Service 
 + BX Options

 + NASDAQ Options Market 
 + NASDAQ Basic 
 + NOCC

 + PSX Equity Market 
 + UK Power Market
 + NLX

$12

$156

$1

$59

$114

$82

$17

$59

$20

$57

$22

$14

$60

$55

$59

dePloyed
in develoPmenT
gifT
(in millions usd)

$12

$39

$25

revenue 

exPense 

revenue 

exPense 

revenue 

exPense 

revenue 

exPense 

revenue 

exPense 

2009 

2010

2011 

2012

2013

NASDAQ OMX 2012 ANNuAl repOrtkey to our success10

aCquisiTions

At NASDAQ OMX, we seek prospective acquisitions that are strategically significant,  accretive to shareholders within a year (excluding 
transaction costs), and deliver an adequate return on capital . We invested $320 million net of  dispositions over the past  5 years to acquire a 
variety of assets, including:

Bwise
As part of the NASDAQ OMX Corporate Solutions suite of services, BWise provides leading enterprise 
governance, risk management and compliance (GRC) software solutions to companies .

mergenT
With this acquisition, NASDAQ OMX becomes one of the largest providers of dividend-themed indexes and 
further enhances our custom index offering capabilities .

nos Clearing asa
NOS Clearing ASA began offering maritime freight clearing services in 2001 and was the first clearing 
house to  establish an efficiently cleared seafood market in 2007 . Freight is a key part of the energy 
supply chain and fits NASDAQ OMX Commodities’ strategy of global expansion within the energy space .

Ir  |  pr  |  multImedIa solutIons

Thomson reuTers

7Knew ClienTs in

60CounTries

In December 2012, NASDAQ OMX announced it would acquire the PR, IR and multimedia businesses of 
Thomson Reuters . This acquisition will create one of the premier suites of products and services for public 
and private companies in our industry today . Once the acquisition closes, NASDAQ OMX  will triple the scale 
of its Corporate Solutions business from approximately $100 million to $330 million in annual revenue .

Tom
In December 2012, NASDAQ OMX entered into an agreement to acquire a 25 percent equity interest in 
Dutch cash equity and equity derivatives trading venue TOM, The Order Machine . The agreement also 
includes an option to acquire an additional 25 .1 percent of the remaining shares and thus secure 
a majority stake in TOM . TOM is one of the leading venues for trading single stock options in the 
Netherlands, and one of the most advanced options markets in Europe .

NASDAQ OMX 2012 ANNuAl repOrtpart of a    dynamic growth strategy11

TeChnology is Core

We always looK for ways 
To do Things BeTTer . This has 
been a hallmark of NASDAQ OMX since 
its inception . Technology will always be 
the linchpin to our success .

Corporate Solutions combined with Global 
Technology: sTraTegiC alignmenT 
of our software businesses .

          anna ewing, evP

To continue to realize the opportunities in front of us, it’s vitally 
important that we ensure our people, products and services 
are aligned to deliver the innovaTive and CusTomer- 
foCused soluTions for which we are renowned .

NASDAQ OMX 2012 ANNuAl repOrtpart of a    dynamic growth strategy12

realigned Business

marKeT TeChnology and CorPoraTe soluTions ComBinaTion

The combination will allow us to better cultivate synergies across software development, technology implementation and business 
development efforts as well as further showcase our company’s technology leadership .

gloBal index grouP and gloBal daTa ProduCTs ComBinaTion

reinforCing our Core informaTion offering
We combined our Global Index and Global Data Products Groups into one business unit: Global Information Services . At the heart of these two 
businesses are  data and its distribution through various channels . Bringing these two businesses together will allow us to take advantage of 
our technology, product development, sales and distribution channels while better serving our clients and customers . It also will provide us with  
a unique opportunity to create new and innovative products and become one of the  premier information solution providers in the industry .

oPeraTional exCellenCe

In 2012, we launched the Operational Excellence Program with the vision of optimizing our current processes to improve the quality and 
delivery of NASDAQ OMX’s products and services to our customers .

This program will be a key driver in our success going forward and will showcase our commitment to the highest standards and best practices 
in the industry .

NASDAQ OMX 2012 ANNuAl repOrtsTrengThening our Core

14

resPonding To Challenges

lessons from hurriCane sandy

hisToriC sTorm devasTaTed nyC region

our sysTems are sTrong

$71B 

estImated
cost of storm

8 .5m 

BuIldIngs and houses
lost power

500+ 
In regIon

nasdaQ employees

 + Strategic co-location improved disaster planning  

and response

 + Backup generators kept us online

 + Redundant systems provided key fail-safes

nasdaq omx was PrePared

We were ready to open the market, despite the storm damage, 
thanks to our people, processes and planning .

all markets closed on

octoBer

octoBer

+

29

30

We collaborated with fellow exchanges, government officials, and 
our regulators on the right action plan . 

our emPloyees are sTronger

housing assisTanCe
NASDAQ OMX provided short-term housing assistance to 
colleagues who lost their homes

donaTions 
 + We helped the broader community with donations to the 
Red Cross in the Tri-State Area through our NASDAQ OMX 
Educational Foundation

 + Many employees donated their time, labor, supplies, or 

financial support

 + Voluntary payroll deductions 

 + Physical goods drop-off drives

CorPoraTe maTChing 
100% corporate matching of all employee contributions to United 
Way and Red Cross for this effort up to $300,000 .

NASDAQ OMX 2012 ANNuAl repOrtStrengthen15

sTraTegiC vision 

CosT reduCTion Program ahead of sChedule

50+ 

mIllIon

In 2012, in the face of relatively lackluster volumes, we put in place a cost reduction plan where we able to 
generate run rate cost savings of over $50 million . This demonstrates extremely strong cash flow generation . 
(lee shavel, raymond James transcript)

3

year 
plan

 „ Aggressive cost reduction
 „ Revenue and technology objectives

ConsolidaTion of resourCes

 „ Business unit combinations
 „ Physical office space consolidation
 „ Centralized  and shared resources for technology, development, sales and support

energy exPendiTure audiT

40+ 

gloBal  

loCaTions Polled

Detailed energy and water consumption data gathered 
and centralized for the first time . NASDAQ OMX 
calculated an aggressive kilowatt-hour-per-square-
meter efficiency rating for all locations, including data 
centers . (2012 CORPORATE SUSTAINABILITY REPORT)

NASDAQ OMX 2012 ANNuAl repOrtStrengthen16

CaPiTal alloCaTion sTraTegies  

$2

BIllIon

$275
mIllIon

$65

mIllIon

$500
mIllIon

$330
mIllIon

Since 2009, we’ve generated roughly $2 billion in free cash flow 

Returning $275 million through our share repurchase program

Initiated $65 million in first-time dividends, currently at a 1 .7% yield

Reduced our debt by over $500 million

Used aggressive and efficient evaluation methods to acquire a number of attractive assets and return 
our investment
 „  Thomson Reuters’ Investor Relations, Public Relations and Multimedia business will triple the scale of 

our Corporate Solutions business from approximately $100 million to $330 million

 „  We can take a relatively small acquisition with a good technology product and distribute effectively 

through 3300 listing relationships

 „  Our sales force goes beyond listed clients to private companies and non-NASDAQ listed companies
 „  Bob Greifeld mandate: acquisitions must accrete to earnings in 12 months

NASDAQ OMX 2012 ANNuAl repOrtleading The way

18

PuBliC PoliCy

worKing on CaPiTol hill and in Brussels

leTTer To Congress

“There should be no Republican approach or Democratic approach to cybersecurity; these threats demand bipartisan, consensus-driven solutions .”              

  leTTer To Congress

nasdaq omx TesTifies on marKeT aBuse direCTives Before The euroPean ParliamenT

indusTry leTTer To Congress

“Any cyber legislation that Congress considers must protect and promote, not stifle, innovation in order to increase cybersecurity and grow 

electronic commerce .”                 u .s . ChamBer of CommerCe leTTer

addressing The deBT Crisis

reforming immigraTion

“ Attracting and keeping the brightest,hardest-working employees 
here in the U .S . will make our companies and economy stronger .”

     BoB greifeld  

The Wall Street Journal

CreaTing joBs

“ This bill will help small companies access the capital markets . 
The JOBS Act will benefit the United States economy and help 
create jobs  for Americans .                 BruCe ausT, evP

  maya maCguineas, BoB greifeld, and ersKine Bowles

NASDAQ OMX 2012 ANNuAl repOrtSHAPING PUBLIC POLICY             
19

marKeT innovaTion 

maKing BeTTer marKeTs

“Computer trading has a proven track record of delivering benefits for investors and market participants .”                 eriC noll, evP

“We benchmark ourselves against industries with the highest uptime and performance characteristics .”                   anna ewing, evP

CollaBoraTing wiTh regulaTors

limiT uP/
limiT down

Kill
swiTChes

algoriThmiC
safeguards

CorPoraTe susTainaBiliTy 

maKing Businesses more susTainaBle

uniTed naTions sTaTemenT

“We publicly recognize those exchanges that are committed to promoting sustainability .”             

    uniTed naTions sTaTemenT 

The susTainaBle sToCK exChanges iniTiaTive

ParTiCiPaTing exChanges

NASDAQ OMX 2012 ANNuAl repOrtSHAPING PUBLIC POLICY20

our green indexes

sector weIghts/numBer of companIes

2 .57%
advanced 
materIals

4 .46%
healty 
lIvIng

2 .34%
BIo/clean 
fuels

7 .10%
pollutIon 
mItIgatIon

9 .92%
renewaBle 
energy 
generatIon

11 .83%
green 
BuIldIng

30 .08%
energy 
effIcIency

0 .15%
fInancIal

2 .45%
lIghtIng 3 .52%
natural 
resources

4 .96%
recyclIng

7 .93%
water

12 .70%
transport

CreaTing a BeTTer world 

NASDAQ OMX became the first North American stock exchange accepted into the UN Global Compact committing to 10 universal principles in the 
areas of human rights, labor, environmental responsibility, and anti-corruption . Our company joins the ranks of fellow NASDAQ-listed UN Global 
Compact signatories, including Intel, Microsoft, Starbucks, and Cisco .

“ We very much welcome NASDAQ’s leadership role in committing to the UN Global Compact . We encourage other major global stock  
exchanges to help embed sustainability into financial markets and make the critical link between investors and companies in facilitating  
ESG communication .”                

          georg Kell, exeCuTive direCTor of The gloBal ComPaCT

BeComing more TransParenT

“NASDAQ OMX has an essential role to play in the continuing evolution and acceptance of corporate sustainability .”                     BoB greifeld

NASDAQ OMX 2012 ANNuAl repOrtREFORMusing resourCes wisely 

gloBal energy usage

  2011 Kwh     

CALGARY, CANADA

ameriCas

ASHBURN, USA

CARTERET, USA

CHICAGO, USA

EUGENE, USA

LOS ANGELES, USA

MARLBOROUGH, USA

NEW YORK, USA

NEW YORK, USA

PHILADELPHIA, USA

ROCKVILLE, USA

SAN FRANCISCO, USA

SECAUCUS, USA

SHELTON, USA

WASHINGTON, USA

asia

YEREVAN, ARMENIA

BEIJING, CHINA

HONG KONG, HONG KONG

TOKYO, JAPAN

TUNG CENTRE, SINGAPORE

euroPe

COPENHAGEN, DENMARK

TALLINN, ESTONIA

HELSINKI, FINLAND

REYKJAVIK, ICELAND

MILAN, ITALY

RIGA ,LATVIA

VILNIUS, LITHUANIA

LYSAKER, NORWAY

LUNDA, SWEDEN

OMX PORT, SWEDEN

STOCKHOLM, SWEDEN

ausTralia

SYDNEY, AUSTRALIA

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NASDAQ OMX 2012 ANNuAl repOrtREFORM 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
22

 + Making Strides against Breast Cancer

 + Run for Central Park Conservancy

 + Wall Street Run & Heart Walk

volunTeerism

 + Fresh Air Fund Clean Up Day

 + Mississippi Gulf Clean-Up Effort

nasdaq omx 
CorPoraTe giving

CorPoraTe 
ConTriBuTions

 + Miracle Corners of the World

 + National Multiple Sclerosis Society

 + Skadden Fellowship Foundation

 + St . Jude’s Childrens Hospital

 + St . Baldrick’s Foundation

 + The Bowery Mission

 + Tuesday’s Children

 + UNICEF

 + Women’s Venture Fund

 + CA League of Conservation Voters

 + City Year Silicon Valley

 + Dana-Farber Cancer Institute

 + Epilepsy Foundation of Texas

 + Hinsdale Junior Women’s Club

 + Invest in Others

 + Texas A&M University

 + Jewish Community Relations Council

 + Minority Corporate Counsel

 + Muscular Dystrophy Association

NASDAQ OMX 2012 ANNuAl repOrtleadership© Copyright 2013, The NASDAQ OMX Group, Inc. All rights reserved.