Boston Stock Exchange Announces Volume Numbers For The First Six Months Of FY2003 Daily Share Volume Up 17%

The Boston Stock Exchange (BSE) announced today volume results for the first half of fiscal year 2003. Average daily share volume grew from 41.6 to 48.6 million shares, an increase of 17% compared to the first six months of fiscal year 2002. Trade volume for the same period declined from 72,474 to 71,961 trades per day, a drop of less than 1%, and reflective of the ongoing slump affecting the nation's stock market.

The Exchange also reported positive share volume growth for the second quarter of fiscal year 2003. For the quarter ended March 31, 2003, average daily share volume on the BSE reached 43.7 million shares, up 2% from the second quarter of fiscal year 2002. In addition, the BSE experienced growth in share volume from two of its premier product offerings -BEACON Remote™ and the Competing Specialist Initiative (CSI). In the second quarter of fiscal year 2003, BEACON Remote and CSI average daily share volume grew 17% and 8%, respectively, compared to the same period in fiscal year 2002.

	1st 6Mo Fiscal Year 2003	1st 6Mo Fiscal Year 2002	Percentage Change
Average Daily Share Volume	48,643,846	41,558,736	+ 17%
Average Daily Trade Volume	71,961	72,474	- 0.7%

	2nd Q Fiscal Year2003	2nd QFiscal Year 2002	Percentage Change
Average Daily Share Volume	43,662,251	42,748,879	+ 2%
BEACON Remote Average Daily Share Volume	7,241,951	6,170,890	+ 17%
CSI Average Daily Share Volume	29,137,803	26,899,400	+ 8%

(The BSE's fiscal year runs October 1 through September 30.)