A new single-day record was set on January 4, 2005, when trades on NSX surpassed the two-million mark for the first time in the Exchange's 120-year history. The new daily record of 2.1 million trades topped the previous daily trade record of 1.8 million set October 27, 2004. Also on January 4, 2005, NSX posted a new single-day share volume record of 764.7 million, topping the previous record of 706.0 million set April 29, 2004.
The largest electronic stock exchange in the United States, NSX averaged a record 1.8 million trades per day in January 2005, exceeding the average daily record of 1.4 million set in October 2004. The number of shares per day averaged a record 615.1 million in January 2005, compared with the previous average daily record of 552.3 million set in April 2004. The third largest stock market in the U.S., NSX in January 2005 captured a 34-percent market share of trades in Nasdaq-listed stocks.
National Stock Exchange, the nation's first all-electronic stock exchange, is the low-cost provider of exchange services and a recognized alternative to the primary markets. Having replaced its physical trading floor with a completely automated market in 1980, NSX has been a model of exchange efficiency and a driving force for change in the world of securities exchanges. Founded in 1885, the Exchange changed its name on November 7, 2003 to National Stock Exchange from The Cincinnati Stock Exchange. For more information about NSX, visit the NSX website at http://www.nsx.com .
