Fair Value Of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2011

Fair Value Of Financial Instruments [Abstract]

Schedule Of Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis

	As of September 30, 2011
	Total		Level 1		Level 2		Level 3
	(in millions)
Financial Assets Measured at Fair Value on a Recurring Basis
Derivative positions, at fair value(1)	$	1,423	$	—	$	1,423	$	—
Financial investments, at fair value(2)		294		294		—		—
Total	$	1,717	$	294	$	1,423	$	—
Financial Liabilities Measured at Fair Value on a Recurring Basis
Derivative positions, at fair value(1)	$	1,423	$	—	$	1,423	$	—
Total	$	1,423	$	—	$	1,423	$	—

	As of December 31, 2010
	Total		Level 1		Level 2		Level 3
	(in millions)
Financial Assets Measured at Fair Value on a Recurring Basis
Derivative positions, at fair value(1)	$	4,037	$	—	$	4,037	$	—
Financial investments, at fair value(2)		253		253		—		—
Total	$	4,290	$	253	$	4,037	$	—
Financial Liabilities Measured at Fair Value on a Recurring Basis
Derivative positions, at fair value(1)	$	4,037	$	—	$	4,037	$	—
Total	$	4,037	$	—	$	4,037	$	—

⁽¹⁾  Represents net amounts associated with our clearing operations in the derivative markets with NASDAQ OMX Commodities and NASDAQ OMX Stockholm. Receivables and payables attributable to outstanding derivative positions have been netted to the extent that such a legal offset right exists and, at the same time, that it is our intention to settle these items. See "Derivative Positions, at Fair Value" below for further discussion.

⁽²⁾  Primarily comprised of trading securities, mainly Swedish government debt securities, of $270 million as of September 30, 2011 and $220 million as of December 31, 2010. Of these securities, $212 million as of September 30, 2011 and $190 million as of December 31, 2010 are restricted assets to meet regulatory capital requirements primarily for NASDAQ OMX Stockholm's clearing operations. This balance also includes our 1% available-for-sale investment security in DFM of $24 million as of September 30, 2011 and $33 million as of December 31, 2010. See Note 6, "Investments," for further discussion of our trading investment securities and available-for-sale investment security.

Schedule Of Fair Value Of Outstanding Derivative Positions

	September 30, 2011				December 31, 2010
	Asset		Liability		Asset		Liability
	(in millions)
Commodity forwards and options(1) (2)	$	556	$	556	$	3,437	$	3,437
Fixed-income options and futures(2) (3)		667		667		578		578
Stock options and futures(2) (3)		314		314		237		237
Index options and futures(2) (3)		198		198		208		208
Total	$	1,735	$	1,735	$	4,460	$	4,460

⁽¹⁾  We determine the fair value of our forward contracts using standard valuation models that are based on market-based observable inputs including LIBOR rates and the spot price of the underlying instrument.

⁽²⁾  We determine the fair value of our option contracts using standard valuation models that are based on market-based observable inputs including implied volatility, interest rates and the spot price of the underlying instrument.

⁽³⁾  We determine the fair value of our futures contracts based upon quoted market prices and average quoted market yields.