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<h1 id="DocTitle">2005 Annual Report</h1>
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<option value="1" selected>Front Cover</option>
<option value="2">NASDAQ’s Business in Brief</option>
<option value="3">From Our CEO</option>
<option value="5">Key Accomplishments</option>
<option value="6">FORM 10-K</option>
<option value="11">Item 1. Business</option>
<option value="29">Item 1A. Risk Factors</option>
<option value="40">Item 1B. Unresolved Staff Comments </option>
<option value="40">Item 2. Properties </option>
<option value="40">Item 3. Legal Proceedings </option>
<option value="41">Item 4. Submission of Matters to a Vote of Security Holders</option>
<option value="41">Item 5. Market For Registrant's Common Equity...</option>
<option value="42">Item 6. Selected Consolidated Financial Data </option>
<option value="44">Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations</option>
<option value="58">Report of Independent Registered Public Accounting Firm </option>
<option value="75">Item 7A. Quantitative and Qualitative Disclosures About Market Risk </option>
<option value="75">Item 8. Financial Statements and Supplementary Data </option>
<option value="75">Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure </option>
<option value="75">Item 9A. Controls and Procedures</option>
<option value="77">Item 9B. Other Information</option>
<option value="77">Item 10. Directors and Executive Officers of the Registrant </option>
<option value="77">Item 11. Executive Compensation</option>
<option value="77">Item 12. Security Ownership of Certain Beneficial Owners & Management & Related Stockholder Matters</option>
<option value="79">Item 13. Certain Relationships and Related Transactions </option>
<option value="79">Item 14. Principal Accountant Fees and Services </option>
<option value="79">Item 15. Exhibits, Financial Statement Schedules and Reports on Form 8-K</option>
<option value="89">Consolidated Balance Sheets</option>
<option value="90">Consolidated Statements of Income</option>
<option value="92">Consolidated Statements of Changes in Stockholders' Equity </option>
<option value="94">Consolidated Statements of Cash Flows</option>
<option value="95">Notes to Consolidated Financial Statements</option>
<option value="139">Financial Statement Schedule: Schedule II—Valuation and Qualifying Accounts</option>
<option value="170">Officers and Directors</option>
<option value="171">Shareholder Information</option>
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