Cincinnati Stock Exchange Surpasses Boston, Chicago, And American Exchanges

In the first significant challenge to Nasdaq's dominance, The Cincinnati Stock Exchange has captured 10% of shares and 20% of trades in Nasdaq-listed issues. During the month of March, thanks to the addition of Island ECN as a customer, CSE's overall volume averaged almost 170 million shares a day. This makes Cincinnati the third largest equity market in the country, surpassing the Boston, Chicago, and American Stock Exchanges.

"Monopolies create inefficiencies, and inefficiencies create opportunities," said David Colker, President and CEO of the Cincinnati exchange. "We are grateful for the chance to serve Island - one of the most forward-thinking and customer-driven broker-dealers in the securities industry today - and we look forward to providing a cost effective, service oriented, forcefully regulated marketplace for other ECNs and market makers who are actively seeking an alternative to Nasdaq."

Founded in 1885, The Cincinnati Stock Exchange was the first stock exchange to replace its physical trading floor with an electronic trading floor. In addition, CSE was the first exchange to establish a competing specialist system with preferencing capability and the first to automate its link to the Intermarket Trading System.