the quality and pricing of our data and access services ; the demand by companies and other organizations for the products sold by our corporate solutions business , which is largely driven by the overall state of the economy and the attractiveness of our offerings ; 35 the demand for licensed exchange traded products and other financial products based on our indices as well as changes to the underlying assets associated with existing licensed financial products ; the challenges created by the automation of market data consumption , including competition and the quickly evolving nature of the market data business ; the outlook of our technology customers for capital market activity ; continuing pressure in transaction fee pricing due to intense competition in the u.s. and europe ; competition for listings and trading related to pricing , product features and service offerings ; regulatory changes imposed upon certain types of instruments , transactions , or capital market participants ; and technological advancements and customers ' demand for speed , efficiency , and reliability . currently our business drivers are defined by investors ' and companies ' cautiously optimistic outlook about the pace of global economic recovery . although some major market indices reached record levels in 2013 , european equity markets have not performed as well and remain below their pre-financial crisis highs . as the global economy continues to avoid the intermittent crisis environments of 2010 through 2012 , we are experiencing modest growth in many of our non-transactional businesses . since a number of significant structural issues continue to confront the global economy , instability could return at any time , resulting in an increased level of market volatility , oscillating trading volumes , and a return of market uncertainty . in contrast , many of the largest customers of our transactional businesses continue to adapt their business models as they address the implementation of regulatory changes initiated following the global financial crisis , leading to lower trading volumes . in 2013 , the u.s. and european cash equity trading businesses and the european derivative trading and clearing business experienced a decrease in volumes due to lower overall industry trading volumes . steady performances by major stock market indices and consistently low volatility throughout 2013 helped to boost the u.s. ipo market . additional impacts on our business drivers included the international enactment and implementation of new legislative and regulatory initiatives , and the continued rapid evolution and deployment of new technology in the financial services industry . the business environment that influenced our financial performance for 2013 may be characterized as follows : a strong pace of new equity issuance in the u.s. in 2013 with 126 ipos on the nasdaq stock market , up from 72 in 2012. ipo activity improved in the nordics with 14 ipos in 2013 compared to six ipos in 2012 on the exchanges that comprise nasdaq omx nordic and nasdaq omx baltic ; average daily matched equity options volume for our three u.s. options exchanges increased 3 . 3 % in 2013 compared to 2012 , while overall average daily u.s. options volume increased 0.7 % . the increase in our average daily matched options volume was driven by an increase in our combined matched market share for our three u.s. options exchanges of 0.7 percentage points as well as a slight increase in overall u.s. options volume ; average daily matched share volume for all of our u.s. cash equity markets decreased by 13 . 1 % , while average daily u.s. share volume fell by 3.9 % relative to 2012. volatility , often a driver of volume levels , was lower in 2013 than 2012. losses in matched share volume were due to both lower u.s. consolidated volume and a decrease in matched market share from 20.8 % in 2012 ( nasdaq 17.0 % ; nasdaq omx bx 2.7 % ; nasdaq omx psx 1.1 % ) to 18.8 % in 2013 ( nasdaq 15.6 % ; nasdaq omx bx 2.5 % ; nasdaq omx psx 0.7 % ) ; continuous cost focus in the industry has further increased the growth of our nasdaq basic product , which is a low cost alternative to the consolidated tape . the number of nasdaq basic subscribers increased 128 % in 2013 compared to 2012 ; an increase in information services revenues of 8.9 % in 2013 relative to 2012 , primarily due to increases in both u.s. market data products and index licensing and services revenues ; a 4.4 % decrease relative to 2012 in the average daily number of cash equity trades on our nordic and baltic exchanges ; a 6.9 % increase relative to 2012 in the sek value of cash equity transactions on our nordic and baltic exchanges ; a decline of 1.0 % experienced by our nordic and baltic exchanges relative to 2012 in the number of traded and cleared options , futures and fixed-income contracts ( excluding finnish option contracts traded on eurex ) ; intense competition among u.s. exchanges and dealer-owned systems for trading volume and strong competition between multilateral trading facilities and exchanges in europe for trading volume ; globalization of exchanges , customers and competitors extending the competitive horizon beyond national markets ; and market trends requiring continued investment in technology to meet customers ' demands for speed , capacity , and reliability as markets adapt to a global financial industry , as increasing numbers of new companies are created , and as emerging countries show ongoing interest in developing their financial markets . story_separator_special_tag for u.s. derivative trading , we credit a portion of the per share execution charge to the market participant that provides the liquidity and record the transaction rebate as a cost of revenues in the consolidated statements of income . these transaction rebates are paid on a monthly basis and the amounts due are included in accounts payable and accrued expenses in the consolidated balance sheets . also , we pay section 31 fees to the sec for supervision and regulation of securities markets . we pass these costs along to our customers through our derivative trading and clearing fees . we collect the fees as a pass-through charge from organizations executing eligible trades on our options exchanges and we recognize these amounts in u.s. derivative trading and clearing cost of revenues when incurred . section 31 fees received are included in cash and cash equivalents in the consolidated balance sheets at the time of receipt and , as required by law , the amount due to the sec is remitted semiannually and recorded as section 31 fees payable to the sec in the consolidated balance sheets until paid . since the amount recorded as revenues is equal to the amount recorded as cost of revenues , there is no impact on our revenues less transaction rebates , brokerage , clearance and exchange fees . as we hold the cash received until payment to the sec , we earn interest income on the related cash balances . european derivative trading and clearing european derivative trading and clearing revenues are variable , based on the volume and value of traded and cleared contracts , and recognized when executed or when contracts are cleared . the principal types of derivative contracts traded and cleared are stock options and futures , index options and futures , international power derivatives , carbon and other commodity products , and fixed-income options and futures . we also generate clearing revenues for otc traded derivatives for the freight market and seafood derivatives market , interest rate swaps , and resale and repurchase agreements . these clearing revenues are based on the value and 40 length of the contract and are recognized when cleared . in addition , nasdaq omx commodities members are billed an annual fee which is recognized ratably over the following 12-month period . nasdaq omx commodities and the exchanges that comprise nasdaq omx nordic and nasdaq omx baltic do not have any revenue sharing agreements or cost of revenues , such as transaction rebates and brokerage , clearance and exchange fees . cash equity trading revenues u.s. cash equity trading u.s. cash equity trading revenues are variable , based on individual customer share volumes , and recognized as transactions occur . we charge transaction fees for executing cash equity trades in nasdaq-listed and other listed securities on our u.s. cash equity exchanges , as well as on orders that are routed to other market venues for execution . similar to u.s. derivative trading and clearing , we record cash equity trading revenues from transactions on a gross basis as revenues and record related expenses as cost of revenues , as we have certain risk associated with trade execution . for further discussion see “ u.s . derivative trading and clearing ” above . for the nasdaq stock market and nasdaq omx psx , we credit a portion of the per share execution charge to the market participant that provides the liquidity and for nasdaq omx bx , we credit a portion of the per share execution charge to the market participant that takes the liquidity . we record these credits as transaction rebates that are included in cost of revenues in the consolidated statements of income . these transaction rebates are paid on a monthly basis and the amounts due are included in accounts payable and accrued expenses in the consolidated balance sheets . as discussed under u.s. derivative trading and clearing , we also pay section 31 fees to the sec for supervision and regulation of securities markets . we pass these costs along to our customers through our cash equity trading fees . we collect the fees as a pass-through charge from organizations executing eligible trades on our cash equity platforms and we recognize these amounts in cost of revenues when incurred . european cash equity trading we charge transaction fees for executing trades on the exchanges that comprise nasdaq omx nordic and nasdaq omx baltic . these transaction fees are charged per executed order and as per value traded . the exchanges that comprise nasdaq omx nordic and nasdaq omx baltic do not have any revenue sharing agreements or cost of revenues , such as transaction rebates and brokerage , clearance and exchange fees . fixed income trading revenues we operate espeed , an electronic trading platform for u.s. treasuries . the electronic trading platform provides real-time institutional trading of benchmark u.s. treasury s ecurities . customer contracts may be on a fixed or variable rate basis . revenues from customers with a fixed rate basis are recognized ratably over the contract period . revenues from customers with a variable rate basis are based upon individual customer share volume and are recognized as revenues as the transaction occurs . access and broker services revenues access services we generate revenues by providing market participants with several alternatives for accessing our markets for a fee . the type of connectivity is determined by the level of functionality a customer needs . as a result , access services revenues vary depending on the type of connection provided to customers . we provide co-location services to market participants whereby firms may lease space for equipment within our data center . these participants are charged monthly fees for cabinet space , connectivity and support . we also earn revenues from annual and monthly exchange membership and registration fees . revenues for providing access to our markets , co-location services and revenues for monthly exchange membership and

debt obligations the following table summarizes our debt obligations by contractual maturity : replace_table_token_17_th 60 in addition to the $ 750 million revolving credit commitment , we also have other credit facilities related to our clearinghouses in order to meet liquidity and regulatory requirements . at december 31 , 2013 , these credit facilities , which are available in multiple currencies , primarily swedish krona , totaled $ 312 million ( $ 219 million in available liquidity and $ 93 million to satisfy regulatory requirements ) , of which $ 11 million was utilized . at december 31 , 2012 , these credit facilities , which are available in multiple currencies , primarily swedish krona , totaled $ 310 million ( $ 217 million in available liquidity and $ 93 million to satisfy regulatory requirements ) , none of which was utilized . at december 31 , 2013 , we were in compliance with the covenants of all of our debt obligations . see note 9 , “ debt obligations , ” to the consolidated financial statements for further discussion of our debt obligations . clearing and broker-dealer net capital requirements clearing operations regulatory capital requirements we are required to maintain minimum levels of regulatory capital for our clearing operations for nasdaq omx nordic clearing and nos clearing . the level of regulatory capital required to be maintained is dependent upon many factors , including market conditions and creditworthiness of the counterparty . at december 31 , 2013 , our required regulatory capital consisted of $ 94 million of swedish government debt securities , that are included in financial investments , at fair value in the consolidated balance sheets and $ 68 million of cash that is included in restricted cash in the consolidated balance sheets . in addition , we have available credit facilities of $ 93 million which can be utilized to satisfy our regulatory capital requirements . see “ debt obligations ” above for further discussion . broker-dealer net capital requirements our broker-dealer subsidiaries , nasdaq execution services , nasdaq options services and execution access , are subject to regulatory requirements intended to ensure their general financial soundness and liquidity .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```debt obligations the following table summarizes our debt obligations by contractual maturity : replace_table_token_17_th 60 in addition to the $ 750 million revolving credit commitment , we also have other credit facilities related to our clearinghouses in order to meet liquidity and regulatory requirements . at december 31 , 2013 , these credit facilities , which are available in multiple currencies , primarily swedish krona , totaled $ 312 million ( $ 219 million in available liquidity and $ 93 million to satisfy regulatory requirements ) , of which $ 11 million was utilized . at december 31 , 2012 , these credit facilities , which are available in multiple currencies , primarily swedish krona , totaled $ 310 million ( $ 217 million in available liquidity and $ 93 million to satisfy regulatory requirements ) , none of which was utilized . at december 31 , 2013 , we were in compliance with the covenants of all of our debt obligations . see note 9 , “ debt obligations , ” to the consolidated financial statements for further discussion of our debt obligations . clearing and broker-dealer net capital requirements clearing operations regulatory capital requirements we are required to maintain minimum levels of regulatory capital for our clearing operations for nasdaq omx nordic clearing and nos clearing . the level of regulatory capital required to be maintained is dependent upon many factors , including market conditions and creditworthiness of the counterparty . at december 31 , 2013 , our required regulatory capital consisted of $ 94 million of swedish government debt securities , that are included in financial investments , at fair value in the consolidated balance sheets and $ 68 million of cash that is included in restricted cash in the consolidated balance sheets . in addition , we have available credit facilities of $ 93 million which can be utilized to satisfy our regulatory capital requirements . see “ debt obligations ” above for further discussion . broker-dealer net capital requirements our broker-dealer subsidiaries , nasdaq execution services , nasdaq options services and execution access , are subject to regulatory requirements intended to ensure their general financial soundness and liquidity .
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 Suspicious Activity Report : the quality and pricing of our data and access services ; the demand by companies and other organizations for the products sold by our corporate solutions business , which is largely driven by the overall state of the economy and the attractiveness of our offerings ; 35 the demand for licensed exchange traded products and other financial products based on our indices as well as changes to the underlying assets associated with existing licensed financial products ; the challenges created by the automation of market data consumption , including competition and the quickly evolving nature of the market data business ; the outlook of our technology customers for capital market activity ; continuing pressure in transaction fee pricing due to intense competition in the u.s. and europe ; competition for listings and trading related to pricing , product features and service offerings ; regulatory changes imposed upon certain types of instruments , transactions , or capital market participants ; and technological advancements and customers ' demand for speed , efficiency , and reliability . currently our business drivers are defined by investors ' and companies ' cautiously optimistic outlook about the pace of global economic recovery . although some major market indices reached record levels in 2013 , european equity markets have not performed as well and remain below their pre-financial crisis highs . as the global economy continues to avoid the intermittent crisis environments of 2010 through 2012 , we are experiencing modest growth in many of our non-transactional businesses . since a number of significant structural issues continue to confront the global economy , instability could return at any time , resulting in an increased level of market volatility , oscillating trading volumes , and a return of market uncertainty . in contrast , many of the largest customers of our transactional businesses continue to adapt their business models as they address the implementation of regulatory changes initiated following the global financial crisis , leading to lower trading volumes . in 2013 , the u.s. and european cash equity trading businesses and the european derivative trading and clearing business experienced a decrease in volumes due to lower overall industry trading volumes . steady performances by major stock market indices and consistently low volatility throughout 2013 helped to boost the u.s. ipo market . additional impacts on our business drivers included the international enactment and implementation of new legislative and regulatory initiatives , and the continued rapid evolution and deployment of new technology in the financial services industry . the business environment that influenced our financial performance for 2013 may be characterized as follows : a strong pace of new equity issuance in the u.s. in 2013 with 126 ipos on the nasdaq stock market , up from 72 in 2012. ipo activity improved in the nordics with 14 ipos in 2013 compared to six ipos in 2012 on the exchanges that comprise nasdaq omx nordic and nasdaq omx baltic ; average daily matched equity options volume for our three u.s. options exchanges increased 3 . 3 % in 2013 compared to 2012 , while overall average daily u.s. options volume increased 0.7 % . the increase in our average daily matched options volume was driven by an increase in our combined matched market share for our three u.s. options exchanges of 0.7 percentage points as well as a slight increase in overall u.s. options volume ; average daily matched share volume for all of our u.s. cash equity markets decreased by 13 . 1 % , while average daily u.s. share volume fell by 3.9 % relative to 2012. volatility , often a driver of volume levels , was lower in 2013 than 2012. losses in matched share volume were due to both lower u.s. consolidated volume and a decrease in matched market share from 20.8 % in 2012 ( nasdaq 17.0 % ; nasdaq omx bx 2.7 % ; nasdaq omx psx 1.1 % ) to 18.8 % in 2013 ( nasdaq 15.6 % ; nasdaq omx bx 2.5 % ; nasdaq omx psx 0.7 % ) ; continuous cost focus in the industry has further increased the growth of our nasdaq basic product , which is a low cost alternative to the consolidated tape . the number of nasdaq basic subscribers increased 128 % in 2013 compared to 2012 ; an increase in information services revenues of 8.9 % in 2013 relative to 2012 , primarily due to increases in both u.s. market data products and index licensing and services revenues ; a 4.4 % decrease relative to 2012 in the average daily number of cash equity trades on our nordic and baltic exchanges ; a 6.9 % increase relative to 2012 in the sek value of cash equity transactions on our nordic and baltic exchanges ; a decline of 1.0 % experienced by our nordic and baltic exchanges relative to 2012 in the number of traded and cleared options , futures and fixed-income contracts ( excluding finnish option contracts traded on eurex ) ; intense competition among u.s. exchanges and dealer-owned systems for trading volume and strong competition between multilateral trading facilities and exchanges in europe for trading volume ; globalization of exchanges , customers and competitors extending the competitive horizon beyond national markets ; and market trends requiring continued investment in technology to meet customers ' demands for speed , capacity , and reliability as markets adapt to a global financial industry , as increasing numbers of new companies are created , and as emerging countries show ongoing interest in developing their financial markets . story_separator_special_tag for u.s. derivative trading , we credit a portion of the per share execution charge to the market participant that provides the liquidity and record the transaction rebate as a cost of revenues in the consolidated statements of income . these transaction rebates are paid on a monthly basis and the amounts due are included in accounts payable and accrued expenses in the consolidated balance sheets . also , we pay section 31 fees to the sec for supervision and regulation of securities markets . we pass these costs along to our customers through our derivative trading and clearing fees . we collect the fees as a pass-through charge from organizations executing eligible trades on our options exchanges and we recognize these amounts in u.s. derivative trading and clearing cost of revenues when incurred . section 31 fees received are included in cash and cash equivalents in the consolidated balance sheets at the time of receipt and , as required by law , the amount due to the sec is remitted semiannually and recorded as section 31 fees payable to the sec in the consolidated balance sheets until paid . since the amount recorded as revenues is equal to the amount recorded as cost of revenues , there is no impact on our revenues less transaction rebates , brokerage , clearance and exchange fees . as we hold the cash received until payment to the sec , we earn interest income on the related cash balances . european derivative trading and clearing european derivative trading and clearing revenues are variable , based on the volume and value of traded and cleared contracts , and recognized when executed or when contracts are cleared . the principal types of derivative contracts traded and cleared are stock options and futures , index options and futures , international power derivatives , carbon and other commodity products , and fixed-income options and futures . we also generate clearing revenues for otc traded derivatives for the freight market and seafood derivatives market , interest rate swaps , and resale and repurchase agreements . these clearing revenues are based on the value and 40 length of the contract and are recognized when cleared . in addition , nasdaq omx commodities members are billed an annual fee which is recognized ratably over the following 12-month period . nasdaq omx commodities and the exchanges that comprise nasdaq omx nordic and nasdaq omx baltic do not have any revenue sharing agreements or cost of revenues , such as transaction rebates and brokerage , clearance and exchange fees . cash equity trading revenues u.s. cash equity trading u.s. cash equity trading revenues are variable , based on individual customer share volumes , and recognized as transactions occur . we charge transaction fees for executing cash equity trades in nasdaq-listed and other listed securities on our u.s. cash equity exchanges , as well as on orders that are routed to other market venues for execution . similar to u.s. derivative trading and clearing , we record cash equity trading revenues from transactions on a gross basis as revenues and record related expenses as cost of revenues , as we have certain risk associated with trade execution . for further discussion see “ u.s . derivative trading and clearing ” above . for the nasdaq stock market and nasdaq omx psx , we credit a portion of the per share execution charge to the market participant that provides the liquidity and for nasdaq omx bx , we credit a portion of the per share execution charge to the market participant that takes the liquidity . we record these credits as transaction rebates that are included in cost of revenues in the consolidated statements of income . these transaction rebates are paid on a monthly basis and the amounts due are included in accounts payable and accrued expenses in the consolidated balance sheets . as discussed under u.s. derivative trading and clearing , we also pay section 31 fees to the sec for supervision and regulation of securities markets . we pass these costs along to our customers through our cash equity trading fees . we collect the fees as a pass-through charge from organizations executing eligible trades on our cash equity platforms and we recognize these amounts in cost of revenues when incurred . european cash equity trading we charge transaction fees for executing trades on the exchanges that comprise nasdaq omx nordic and nasdaq omx baltic . these transaction fees are charged per executed order and as per value traded . the exchanges that comprise nasdaq omx nordic and nasdaq omx baltic do not have any revenue sharing agreements or cost of revenues , such as transaction rebates and brokerage , clearance and exchange fees . fixed income trading revenues we operate espeed , an electronic trading platform for u.s. treasuries . the electronic trading platform provides real-time institutional trading of benchmark u.s. treasury s ecurities . customer contracts may be on a fixed or variable rate basis . revenues from customers with a fixed rate basis are recognized ratably over the contract period . revenues from customers with a variable rate basis are based upon individual customer share volume and are recognized as revenues as the transaction occurs . access and broker services revenues access services we generate revenues by providing market participants with several alternatives for accessing our markets for a fee . the type of connectivity is determined by the level of functionality a customer needs . as a result , access services revenues vary depending on the type of connection provided to customers . we provide co-location services to market participants whereby firms may lease space for equipment within our data center . these participants are charged monthly fees for cabinet space , connectivity and support . we also earn revenues from annual and monthly exchange membership and registration fees . revenues for providing access to our markets , co-location services and revenues for monthly exchange membership and

