Chicago Stock Exchange Surpasses 1999 Total Annual Volume In The First Seven Months Of 2000

The Chicago Stock Exchange (CHX) exceeded its total 1999 annual volume in the first seven months of 2000, propelled by a record July in terms of trade and share volume. Total trade volume in July finished at 5,011,303, an increase of 132 percent over last year, while share volume reached 2,006,855,484, up 89 percent from July 1999.

The CHX's Over-the-Counter (OTC) program also continued to grow rapidly in July. Total trade volume in Nasdaq issues ended at 2,784,825, up 431 percent over July 1999. Total share volume finished at 869,651,353, an increase of 319 percent from the same time last year. Through the OTC program, the CHX currently trades more than 900 Nasdaq issues. The CHX is the only floor-based auction market in the country that trades Nasdaq, or OTC, issues.

During July, share volume for extended hours trading from 3:00 p.m. to 5:30 p.m. Central Time totaled 25,736,976 shares.

Bob Forney, CHX president and CEO, commented, "We continue to stay on top of the ever-changing market by providing low cost, high quality service on the broadest array of stocks in the country."

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.