Exhibit 23.1



We consent to the reference to our firm under the caption "Experts" in the
Registration Statement (Form S-8 No. 333-XXXXX) and related Reoffer
Prospectus pertaining to The Nasdaq Stock Market, Inc. 2000 Employee Stock
Purchase Plan and to the incorporation by reference therein of our report
dated January 26, 2001, except for Note 4 as to which the date is August
17, 2001, with respect to the consolidated financial statements of The
Nasdaq Stock Market, Inc. included in its Form 10 (File No. 000-32651) for
the year ended December 31, 2000, filed with the U.S. Securities and
Exchange Commission.

                                                         /s/Ernst & Young LLP

New York, New York
December 28, 2001