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For the month of September, total trade volume increased 129 percent as compared to last year, finishing at 5,059,903. Total share volume reached 2,212,518,801, up 95 percent from September 1999.
The last consummated seat sale of the third quarter was $331,500, compared to $195,000 at the same time last year, an increase of 70 percent. During this quarter, seat prices established a new record of $350,000 on August 31.
"Our ability to provide investors with a one-stop shop for equities, complete with low trading costs and fast, high quality executions, continues to fuel unprecedented growth at the Exchange," said Bob Forney, CHX president and CEO.
The CHX's Over-the-Counter (OTC) program, which currently trades more than 900 Nasdaq issues, continued to flourish. The Exchange's Nasdaq trade volume in the third quarter reached 8,437,084, up more than 382 percent from the third quarter of 1999. Total third quarter share volume surged to 2,828,081,576, a 300 percent increase compared to the same period last year. September OTC figures reflected this growth trend as trade volume ended up 333 percent at 2,871,503, and share volume finished at 981,417,889, an increase of 251 percent over last September. The CHX is the only floor-based auction market in the country that trades Nasdaq issues.
Share volume for extended hours trading from 3:00 p.m. to 5:30 p.m. Central Time totaled 82,344,117 for the quarter and 27,980,210 for September.
The Chicago Stock Exchange was founded May 15, 1882 and is the second most active stock exchange in terms of share and trade volume. The CHX is also the fastest-growing exchange, providing the strongest force for competition to all U.S. markets. The CHX trades more than 4,500 NYSE, Amex, Nasdaq and CHX-exclusive issues, more than any other stock exchange in the world.
