"In a period of increased volume due to ongoing market volatility, the BSE has seen its average daily share volume jump 105% in the fourth quarter and 76% for the entire fiscal year 2002, representing the largest percentage growth among all U.S. equity exchanges," said Kenneth R. Leibler, Chairman and CEO of the Boston Stock Exchange.
"The BSE continues to see a larger share of business from both existing and new customers because of our top quality executions and high-touch customer service," added Mr. Leibler. In one of the most difficult periods for the markets, the BSE recorded the best quarter in its 168-year history for average daily share and trade volume. For the quarter ended September 30, 2002, average daily share volume grew from 26.7 to 54.9 million shares, a gain of 105% compared to the same period in fiscal year 2001.
Trade volume reached 85,479 trades, an increase of 66% compared to 51,485 trades per day in the fourth quarter of fiscal year 2001. The Exchange also reported gains for the fiscal year-end. Total annual share volume for the BSE's fiscal year 2002 (October 1st - September 30th) was 11.3 billion, an increase of 80% from fiscal year 2001. Total trade volume reached 19.2 million, up nearly 50% from the prior year.
|
4th Q FY 2002 |
4th Q FY 2001 |
Percentage Change |
|
Average Daily Share Volume |
54,852,294 |
26,716,654 |
+ 105% |
|
Average Daily Trade Volume |
85,479 |
51,485 |
+ 66% |
