Boston Stock Exchange Posts Strong Volume Numbers For The First Six Months of FY2001 - Announces Second Quarter Results

The Boston Stock Exchange (BSE) announced today volume results for the first half of fiscal year 2001. Average share volume rose from 22.2 to 25.4 million shares per day, an increase of 14% compared to the same period in fiscal year 2000. Average daily trade volume reached 54,259 trades, an increase of 3% compared to 52,663 trades per day in the first six months of fiscal year 2000.

During the second quarter, ended March 31, 2001, average daily share volume reached 25.8 million shares, up 6% compared to the same period in fiscal 2000. Average trade volume declined 10% to 54,007 trades per day, reflecting an overall decline in the retail online brokerage business in the equities markets. The BSE's share volume growth in the second quarter of fiscal year 2001 is due, in part, to new business from the Exchange's BEACON Remoteª product. BEACON Remote, launched in February 2001, is the first remote trading system offered by a U.S. exchange.