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The Philadelphia Stock Exchange Announces Year-End And December Equity Volume - "Equity Volume Up 40% Compared To 2002"

Date 07/01/2004

The Philadelphia Stock Exchange announced today that total equity volume in 2003 reached 3,304,034 646 shares representing an increase of 40% compared to the 2,365,843,436 shares traded in 2002. The 2003 share volume represents the all-time record for shares traded in a given year. Equity volume for the month of December increased 14% representing 262,365,782 shares traded compared to the previous month when 230,080,251 shares traded.

The gain in equity volume mirrors the significant growth in volume the PHLX saw in its options business.

The Philadelphia Stock Exchange was founded in 1790. The PHLX trades 2,000 stocks, 1,100 equity options, 14 sectors index options, and currency options and futures. For more information about the PHLX and its products, visit www.phlx.com.

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