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Friday 15 December, 2006

NASDAQ Stock Market

E*TRADE FINANCIAL to NASDAQ

NASDAQ Stock Market, Inc. (The)
15 December 2006

E*TRADE FINANCIAL Media Contact
Pam Erickson
E*TRADE FINANCIAL Corporation
617-296-6080
[email protected]

E*TRADE FINANCIAL Investor Relations Contact
Adam Townsend
E*TRADE FINANCIAL Corporation
703-236-8719
[email protected]

NASDAQ Media Contact
Bethany Sherman
The Nasdaq Stock Market, Inc.
212-401-8714
[email protected]


             E*TRADE FINANCIAL MOVES COMMON STOCK LISTING TO NASDAQ

New York, December 14, 2006 - E*TRADE FINANCIAL today announced that it will
list its common stock on the NASDAQ (R) Global Select Market under the symbol
ETFC. The Company will also list certain mandatory convertible notes known as
Equity Units on NASDAQ under the symbol ETFCP.

'We are pleased to join NASDAQ, a true innovator whose value proposition
parallels our own, leveraging technology to provide customers with low fees,
superior service and fair, efficient and transparent market access and
execution,' said Mitchell H. Caplan, Chief Executive Officer, E*TRADE FINANCIAL
Corporation.

'NASDAQ, E*TRADE FINANCIAL, and the companies that list with us share a desire
to move beyond old ways of doing business and lead through innovation. We are
proud that E*TRADE FINANCIAL, a pioneer in online financial services, has chosen
to list on NASDAQ. We welcome them to our family of 3,200 companies,' said Bob
Greifeld, President and Chief Executive Officer of The Nasdaq Stock Market, Inc.

E*TRADE FINANCIAL plans to cease trading on the New York Stock Exchange and
elsewhere under its NYSE symbol ET effective with the market close on Tuesday,
December 26, 2006. The Company's stock will begin trading on the NASDAQ Global
Select Market under the new symbol ETFC at market open Wednesday, December 27,
2006. Similarly, the Company plans to cease trading of the Equity Units under
its NYSE symbol ET Pr effective with the market close on Tuesday, December 26,
2006 and to begin trading on the NASDAQ Global Market under the symbol ETFCP at
the market open Wednesday, December 27, 2006.


About E*TRADE FINANCIAL

The E*TRADE FINANCIAL family of companies provides financial services including
trading, investing, banking and lending for Retail and Institutional customers.
Securities products and services are offered by E*TRADE Securities LLC (Member
NASD/SIPC). Bank and lending products and services are offered by E*TRADE Bank,
a Federal savings bank, Member FDIC, or its subsidiaries.


About NASDAQ

NASDAQ is the largest U.S. electronic stock market. With approximately 3,200
companies, it lists more companies and, on average, trades more shares per day
than any other U.S. market. It is home to companies that are leaders across all
areas of business including technology, retail, communications, financial
services, transportation, media and biotechnology. NASDAQ is the primary market
for trading NASDAQ-listed stocks. For more information about NASDAQ, visit the
NASDAQ Web site at http://www.nasdaq.com or the NASDAQ Newsroom at http://
www.nasdaq.com/newsroom/.

                                     # # #

Important Notice

E*TRADE FINANCIAL and the E*TRADE FINANCIAL logo are registered trademarks or
trademarks of E*TRADE FINANCIAL Corporation. The statements contained in this
news release that are forward-looking are based on current expectations that are
subject to a number of uncertainties and risks, and actual results may differ
materially. The uncertainties and risks include, but are not limited to, changes
in market activity, anticipated increases in the rate of new customer
acquisition, the conversion of new visitors to the site to customers, the
activity of customers and assets held at the institution, seasonality, the
development and enhancement of products and services, competitive pressures
(including price competition), system failures, economic and political
conditions, changes in consumer behavior and the introduction of competing
products having technological and/or other advantages. Further information about
these risks and uncertainties can be found in the information included in the
annual reports previously filed by E*TRADE FINANCIAL Corporation with the SEC on
Form 10-K (including information under the caption 'Risk Factors') and quarterly
reports on Form 10-Q.


(c) 2006 E*TRADE FINANCIAL Corporation. All rights reserved.






                      This information is provided by RNS
            The company news service from the London Stock Exchange
                                                                                                      

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