The CHX's over-the-counter (OTC) program continued to grow in February. Total trade volume in Nasdaq issues ended at 2,623,975, up 12 percent over February 2000. Total share volume finished at 959,672,837 an increase of 44 percent from the same time last year. Through the OTC program, the CHX currently trades more than 700 Nasdaq issues.
During February, share volume for extended hours trading from 3:00 p.m. to 5:30 p.m. Central Time totaled 17,288,712 shares.
"The CHX has experienced continuous growth over the last six years, and that can be attributed to the fact that we have focused on our core business, the business of trading products that are important to the investor. In choosing this direction, we have been able to fully support our customers and continuously enhance our systems to ensure that this Exchange can handle all of the business that comes our way and more. The end of March will see the end of my tenure at the CHX and I am very proud to have been a part of this Exchange. A.D. Frazier has been named the new CEO and President, and I am confident that the markets for our products and services will continue to grow under his leadership and the commitment of our membership," says Robert H. Forney, CHX CEO and president.
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 4,400 NYSE, AMEX, Nasdaq and CHX-exclusive issues, more than any other U.S. stock exchange.
