NYSE Announces First-Half 2003 Financial Results

The New York Stock Exchange reported revenues of $539.5 million in the first six months of 2003, compared with $539.4 million in revenue during the same period a year ago. Beginning with year-end 2002, the NYSE adjusted the methodology for consolidating the results of its part-owned subsidiary, Securities Industry Automation Corporation (SIAC). As a result, the revenues and expenses for each quarter of 2002 have been reclassified to reflect this change. This has no impact on the Exchange's net income.

Net income in the first half of 2003 was $27 million, compared with $20.7 million in the same period in 2002.

For second-quarter 2003, revenues totaled $271.5 million and net income was $11.6 million, compared with $271.4 million and $5.6 million, respectively, in second-quarter 2002.

Average daily trading volume for the first six months of 2003 was 1.45 billion shares valued at $37.7 billion, compared with 1.38 billion shares worth $42.5 billion in the comparable period of 2002. In the first half of 2003, 36 companies joined the roster of NYSE-listed stocks, compared with 77 in the year-ago period.