XML 34 R32.htm IDEA: XBRL DOCUMENT v2.3.0.15
Business Segments (Tables)
9 Months Ended
Sep. 30, 2011
Business Segments [Abstract] 
Schedule Of Operating Segments
   Market
Services		     Issuer
Services		      Market
Technology		      Corporate
Items and
Eliminations		     Consolidated  
     (in millions)  

Three months ended September 30, 2011

             

Total revenues

    $ 808      $ 92       $ 46       $ —        $ 946   

Cost of revenues

      (508 )      —           —           —          (508 ) 
  

 

 

    

 

 

     

 

 

     

 

 

    

 

 

  

Revenues less transaction rebates, brokerage, clearance and exchange fees

      300        92         46         —          438   
  

 

 

    

 

 

     

 

 

     

 

 

    

 

 

  

Income (loss) before income taxes (1)

   $ 146      $ 28       $ 4       $ (8 )    $ 170   
  

 

 

    

 

 

     

 

 

     

 

 

    

 

 

  

Three months ended September 30, 2010

             

Total revenues

    $ 634      $ 85       $ 38       $ —        $ 757   

Cost of revenues

      (385 )      —           —           —          (385 ) 
  

 

 

    

 

 

     

 

 

     

 

 

    

 

 

  

Revenues less transaction rebates, brokerage, clearance and exchange fees

      249        85         38         —          372   
  

 

 

    

 

 

     

 

 

     

 

 

    

 

 

  

Income before income taxes

    $ 111      $ 30       $ 1       $ 1      $ 143   
  

 

 

    

 

 

     

 

 

     

 

 

    

 

 

  

Nine months ended September 30, 2011

             

Total revenues

    $ 2,190      $ 276       $ 135       $ —        $ 2,601   

Cost of revenues

      (1,332 )      —           —           —          (1,332 ) 
  

 

 

    

 

 

     

 

 

     

 

 

    

 

 

  

Revenues less transaction rebates, brokerage, clearance and exchange fees

      858        276         135         —          1,269   
  

 

 

    

 

 

     

 

 

     

 

 

    

 

 

  

Income (loss) before income taxes ( 1 )

   $ 393      $ 90       $ 10       $ (40 )    $ 453   
  

 

 

    

 

 

     

 

 

     

 

 

    

 

 

  

Nine months ended September 30, 2010

             

Total revenues

    $ 2,052      $ 255       $ 106       $ 1      $ 2,414   

Cost of revenues

      (1,293 )      —           —           —          (1,293 ) 
  

 

 

    

 

 

     

 

 

     

 

 

    

 

 

  

Revenues less transaction rebates, brokerage, clearance and exchange fees

      759        255         106         1        1,121   
  

 

 

    

 

 

     

 

 

     

 

 

    

 

 

  

Income (loss) before income taxes ( 2 )

   $ 335      $ 90       $ 5       $ (52 )    $ 378   
  

 

 

    

 

 

     

 

 

     

 

 

    

 

 

  

(1) 

Corporate items and eliminations for the three and nine months ended September 30, 2011 primarily include merger and strategic initiatives expense as well as costs incurred in connection with the termination of our 2010 Credit Facility. See "2010 Credit Facility," of Note 8, "Debt Obligations," for further discussion.

(2) 

Corporate items and eliminations for the nine months ended September 30, 2010 primarily include charges of $40 million related to the repayment of our senior secured credit facilities in place as of December 31, 2009 and $11 million related to loss on divestiture of businesses as a result of our decision to close the businesses of both NASDAQ OMX Europe, or NEURO, ($6 million) and Agora-X LLC, or Agora-X, ($5 million).