The financial results were announced in the NYSE’s 2003 annual report, which was sent to Exchange members last week and released to the public today along with the Exchange’s 2004 proxy statement. The two documents include significantly expanded disclosure of financial and other matters, reflecting the NYSE’s commitment to greater transparency.
The annual report includes an expanded Management Report on Financial Operations. The information available in the NYSE’s annual report and quarterly financial results will continue to be enhanced with the goal of building a process conducive to sharing information with members, constituents and the general public.
The annual report notes that in 2003, average daily trading volume was 1.4 billion shares (unchanged from 2002), valued at $38.5 billion. The NYSE’s global market capitalization increased to $17.3 trillion, up 22% from 2002. The Exchange maintained a market share in its listed stocks during NYSE trading hours of 81.5% in 2003. The Exchange posted the most competitive quotes in its listed stocks, creating the National Best Bid and Offer 93% of the time.
A summary of the financial results from the annual report follows. For the full text of the annual report, go to: www.nyse.com/annualreport2003.
