THE PHILADELPHIA STOCK EXCHANGE ANNOUNCES
DELAWARE SUPREME COURT APPROVES THE SETTLEMENT IN GINSBURG V. PHLX

For more information, contact Barbara Sorid at 215-496-5200 or by e-mail

Court Opinion

PHILADELPHIA – March 27, 2008 – The Philadelphia Stock Exchange (PHLX) announced today that the Supreme Court of the State of Delaware unanimously approved the settlement in the Ginsburg v. Phlx, et al litigation. This clears the way for the completion of the merger between PHLX and NASDAQ Stock Market, Inc., subject to SEC approval.

The Philadelphia Stock Exchange was founded in 1790. The PHLX trades more than 7,000 stocks, 2,639 equity options, 16 sectors index options, options on all major currencies, and futures through its subsidiary, The Philadelphia Board of Trade (PBOT). For more information about the PHLX and its products, visit www.phlx.com.

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