U.S. equity volume in January comprised 4,324 million shares of Nasdaq-quoted stocks and 1,120 million shares of exchange-listed stocks.
There were 21 trading days in January, compared to 20 trading days in December 2001 and 21 trading days in January 2001.
Instinet's weekly, monthly and quarterly share volumes are available on its web site at www.instinet.com.
Instinet has experienced significant seasonality in its business, and period-to-period comparisons of operating results are not necessarily meaningful, nor are the results for any period necessarily indicative of results for any future period.
| Total U.S. Equity Share Volume (million shares) | ||||
| # Trade Days | Nasdaq-quoted* | Exchange-listed | Total | |
| January 2002 | 21 | 4,324 | 1,120 | 5,444 |
| December 2001 | 20 | 3,812 | 922 | 4,734 |
| January 2001 | 21 | 7,092 | 985 | 8,077 |
* For a description of how we calculate our Nasdaq volumes, see "Management's Discussion and Analysis of Financial Condition and Results of Operations - Nasdaq Volume Calculations" in the Prospectus dated May 17, 2001.
