The Exchange also continued to see gains from its Competing Specialist Initiative (CSI), an innovative program that, in fiscal 2000, accounted for 41% of the BSE’s share volume, and 57% of trade volume. CSI allows BSE floor specialists to compete for order flow in the same stock issue, adding depth and liquidity to the marketplace while offering price improvement.
"The BSE is pleased to report a standout performance for fiscal year 2000," said William G. Morton, Jr., Chairman and CEO of the Boston Stock Exchange. "During a year of intense change within the securities industry, the BSE posted record results in virtually every aspect of our business. We have, once again, demonstrated our ability to provide customers with the services they need and value in a first class trading environment."