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National Stock Exchange(SM) Trades Up 196 Percent In April - Share Volume Up 158 Percent From Year Earlier - New Single-Day Records Set

Date 13/05/2004

National Stock Exchange (NSX(SM)) today announced that the number of trades in April 2004 soared 196 percent to 26.1 million, compared with 8.8 million trades in April 2003. Share volume in April 2004 of 11.6 billion surged 158 percent from 4.5 billion a year earlier.

New single-day records in both trades and share volume were set on April 29, 2004. The number of trades on NSX reached a new single-day high of 1.6 million, compared with the previous single-day record of 1.4 million set March 11, 2004. A new single-day volume record of 706.0 million shares surpassed the previous single-day share volume record of 647.3 million set on March 11, 2004.

The third largest stock market in the United States, NSX in April 2004 captured a 29 percent market share of trades in Nasdaq-listed stocks, and a 16 percent market share of trades in Amex-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 the National Stock Exchange from the Cincinnati Stock Exchange

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