NSX, the largest electronic stock exchange in the country based on share volume, posted 101.9 billion shares in the first 10 months of 2004, up 48 percent from its calendar year record total of 68.9 billion shares set in 2003. Year-to-date trades through October 2004 of 241.1 million surged 66 percent ahead of the annual record of 145.6 million set in 2003. Year-to- date trades and share volume surpassed calendar year 2003 record levels in July 2004.
The third largest stock market in the United States, NSX in October 2004 captured its largest-ever market share of trades in Nasdaq-listed stocks, at 34 percent. In addition, NSX accounted for a 14-percent market share of trades in Amex-listed stocks in October 2004.
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 the National Stock Exchange from the Cincinnati Stock Exchange.
