Nasdaq Pins Fourth Quarter, 2001 Expenses On Supermontage and Sept. 11

NEW YORK--The Nasdaq Stock Market recorded a 36.8 percent jump in direct expenses in the full year 2001 to $695.3 million, from $508.2 million in 2000. The major factors contributing to the expense hike were the introduction of the Supermontage trading and Primex auction systems, as well as computer operations and data communications expenses required to support upgraded bandwidth and improved processing speeds. Full-year support costs decreased 20.8 percent to $101.8 million in 2001 from 128.5