Subject: File No. SR-NASDAQ-2006-040
From: Deirdre Skolfield, CFA
Affiliation: SVP, Investor Relations

November 28, 2006

As an Investor Relations professional with 20 years experience in both NASDAQ and NYSE traded companies I know that NASDAQ offers a lot more value for the dollar than NYSE even with the modest fee increase. Over the past 15 years NASDAQ has provided more and more services that my CEOs, CFOs and Boards of Directors have all found a high value in, e.g., Comparable Ownership reports used to target investors, Buying/Selling activity, Contact information and holdings, as well as open access to NASDAQ's Market Intelligence Desk. I am certainly willing to pay a bit more for an even wider breath of services delivered to my desktop. Competition is heating up in the capital markets and NASDAQ offers timely, accessible information to keep Officers and Directors of public companies on top of things.