MEMORANDUM

October 30, 2003
TO: Files
FROM: Luis de la Torre
Counsel to Commissioner Goldschmid
RE: Notice of filing of application of the Nasdaq Stock Market, Inc. for registration as a national securities exchange, Release No. 34-44396, File No. 10-131 (June 7, 2001)


On October 16, 2003, Robert Greifeld and Edward S. Knight of the Nasdaq Stock Market met with Commissioner Harvey J. Goldschmid and myself, counsel to the Commissioner. Messrs. Greifeld and Knight discussed the subjects of internalization and the trade-through rule in connection with Nasdaq's application for registration as a national securities exchange, Release No. 34-44396, File No. 10-131.