On August 1, 2006, NASDAQ became operational as an exchange for NASDAQ-listed securities. (Phase I of exchange operation). Brut and INET became part of the NASDAQ exchange on the. exchange operational date for NASDAQ-listed securities. On October 30, 2006, NASDAQ completed its systems integration for NASDAQ-listed securities. On November 20, 2006, NASDAQ completed the integration of Brut and INET for non-NASDAQ-. listed securities.