Irving H. Picard v. Saul B. Katz et al

Filing 160

DECLARATION of David J. Sheehan in Support re: 158 FOURTH MOTION in Limine To Exclude All Evidence and Arguments Relating to the BLMIS-Merrill Lynch Technology Partnership.. Document filed by Irving H. Picard. (Attachments: # 1 Exhibit 1, # 2 Exhibit 2, # 3 Exhibit 3, # 4 Exhibit 4)(Sheehan, David)

Exhibit 3

Page 1

1 of 1 DOCUMENT

Copyright 2003 PR Newswire Association, Inc.
PR Newswire
December 31, 2003 Wednesday
SECTION: FINANCIAL NEWS
DISTRIBUTION: TO BUSINESS EDITOR
LENGTH: 328 words
HEADLINE: NASDAQ and Primex Announce End of Exclusive Rights Agreement
DATELINE: NEW YORK Dec. 31
BODY:
The Nasdaq Stock Market, Inc. ("NASDAQ") (OTC Bulletin Board: NDAQ), and Primex Trading N.A., L.L.C.
today announced the end of their exclusive rights agreement, which provided NASDAQ with rights to operate the
Primex Auction System.
As NASDAQ consolidates its trading services to a common functionality within the NASDAQ SuperMontage
system, it has elected to no longer offer the Primex Auction System as a facility of NASDAQ, effective January 16,
2004.The financial impact of this action by NASDAQ is part of its previously disclosed strategic review of its products
and initiatives.
Primex Trading will continue to own its patent-pending technology that comprises the Primex Auction System, and
will continue to seek new and additional partners to recognize the value of its electronic auction intellectual property.
The Primex Auction System(R) is the creation of Primex Trading N.A., L.L.C., a partnership formed by securities
industry brokerage firms and investment banks including Merrill Lynch, Salomon Smith Barney, Goldman Sachs,
Morgan Stanley and Bernard L. Madoff Investment Securities. New York-based Primex Trading N.A., L.L.C.
conceives, designs, and licenses trading solutions for the securities industry. For more information go to
www.primextrading.com, or contact Len Mayer, Senior Managing Director at Primex Trading.
NASDAQ is the world's largest electronic stock market. With approximately 3,400 companies, it lists more
companies and, on average, trades more shares per day than any other U.S. market. It is home to category-defining
companies that are leaders across all areas of business including technology, transportation, retail, communications,
financial services, media and biotechnology. For more information about NASDAQ, visit the NASDAQ Web site at
www.NASDAQ.com or the NASDAQ Newsroom(SM) at www.NASDAQnews.com.

Page 2
NASDAQ and Primex Announce End of Exclusive Rights Agreement PR Newswire December 31, 2003 Wednesday

SOURCE NASDAQ
CONTACT: Len Mayer of Primex Trading N.A., L.L.C., [phone]; or Silvia Davi of NASDAQ,
[phone]
URL: http://www.prnewswire.com
LOAD-DATE: January 1, 2004