Average daily trading volume in first-quarter 2004 was 1.54 billion shares, valued at $47.9 billion compared with 1.42 billion shares in the comparable period of 2003. The NYSE’s global market capitalization increased to $17.8 trillion, up 40% from first quarter 2003. The Exchange maintained a market share in its listed stocks during NYSE trading hours of 79.0% in first-quarter 2004.
The information provided in the NYSE’s quarterly financial results and annual report will continue to be enhanced with the goal of building a process conducive to sharing information with members, constituents and the general public. These releases include significantly expanded disclosure of financial and other matters, reflecting the NYSE’s commitment to greater transparency.
NYSE First-Quarter 2004 Consolidated Financial Results
(in millions of dollars)
|
|
|
Q1 2004 |
|
Q1 2003 |
|
Change % |
REVENUES *: |
|
|
|
|
|
|
|
Listing fees |
|
$80.4 |
|
$70.8 |
|
13.5 |
|
Data processing fees |
|
57.2 |
|
56.8 |
|
0.7 |
|
Market information fees |
|
40.7 |
|
41.7 |
|
(2.4) |
|
Trading fees |
|
41.0 |
|
37.2 |
|
10.1 |
|
Regulatory fees |
|
27.4 |
|
28.9 |
|
(5.1) |
|
Facility and equipment fees |
|
12.8 |
|
19.0 |
|
(32.8) |
|
Membership fees |
|
2.6 |
|
3.6 |
|
(27.4) |
|
Investment and other Income |
|
6.9 |
|
10.0 |
|
(31.7) |
Total Revenues |
|
268.8 |
|
268.0 |
|
0.3 |
|
|
|
|
|
|
|
|
EXPENSES *: |
|
|
|
|
|
|
Compensation |
|
131.3 |
|
129.8 |
|
1.2 |
Systems and related support |
|
40.6 |
|
39.9 |
|
1.7 |
Professional services |
|
32.0 |
|
25.1 |
|
27.5 |
Depreciation and amortization |
|
15.1 |
|
15.2 |
|
(1.0) |
Occupancy |
|
15.9 |
|
14.7 |
|
8.1 |
General and administrative |
|
11.8 |
|
11.7 |
|
0.8 |
Advertising |
|
1.2 |
|
5.3 |
|
(77.2) |
Total expenses |
|
247.9 |
|
241.7 |
|
2.5 |
| Income before taxes and minority interest |
21.0
|
26.2
|
(20.1)
|
|||
| Provision for income taxes |
8.9
|
10.8
|
(16.9)
|
|||
Minority interest in income of consolidated subsidiary |
|
0.5 |
|
0.1 |
|
377.1 |
|
|
|
|
|
|
|
|
NET INCOME |
|
$11.5 |
|
$15.4 |
|
(25.1) |
* NYSE revenues and expenses include the results of its two thirds- owned subsidiary, Securities Industry Automation Corp.
About the NYSE:
The New York Stock Exchange (NYSE) is the world’s leading and most technologically advanced equities market. The NYSE is by far the world’s largest market, and more capital is raised at the NYSE than in any other equities market. The Exchange is home to 2,760 companies whose total global market capitalization exceeds $17.8 trillion, including $5.9 trillion for 470non-U.S. companies from 48 countries. NYSE-listed companies range from “blue chip,” to many of the world’s leading technology companies, and young, high-growth enterprises. A broad spectrum of market participants, including listed companies, individual investors, institutional investors and member firms create the NYSE market. Buyers and sellers meet directly in a fair, open and orderly market to realize the best possible price through the interplay of supply and demand
