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The Nasdaq Stock Market, Inc. (Nasdaq:NDAQ) today announced that its matched volume in all U.S. securities increased by 91%, a record high of 58.9 billion shares in January, as compared with 30.9 billion shares in January 2007. Consolidated volume in all U.S. securities in January was a record 186.4 billion, compared with 111.5 billion in January 2007. NASDAQ's matched market share of all U.S. Equity share volume in January was more than any other U.S. exchange for the tenth consecutive month at a record 31.6%, compared to 27.7% during the same period last year.
In January, NASDAQ's matched volume in NASDAQ-listed securities was a record 27.3 billion shares, compared to 19.9 billion shares the previous year. NASDAQ's handled market share in NASDAQ-listed securities in January was 73.0% (1) and matched market share was 48.3%.
NASDAQ's matched volume in NYSE-listed stocks was a record 21.8 billion shares in January, an increase from 11.8 billion shares in December 2007 and 8.8 billion shares in January 2007. NASDAQ's total reported market share in NYSE-listed stocks in January was a record 37.7% (2). NASDAQ's matched market share in NYSE-listed securities last month was a record 21.1%, up from 18.3% in December 2007 and 14.9% in January 2007. NASDAQ's handled market share in NYSE-listed securities last month was 55.7% (3).
"With high levels of market volatility in the month of January, trading activity was characterized by a flight to safety, and NASDAQ was the preferred trading venue," said Chris Concannon, Executive Vice President of NASDAQ.
In January, NASDAQ's systems handled trade volume of over 6 billion shares daily and routinely handled over 250,000 transactions per second.
NASDAQ's matched volume in all U.S. ETFs in January was a record 11.6 billion, more than any other U.S. exchange, compared to 5.5 billion the previous month and 3.0 billion in January 2007. Matched market share of all U.S. ETF volume last month was a record 39.7%. NASDAQ's total reported market share of all U.S. ETF volume in January was a record 54.8% (4), with a record 16.0 billion shares being traded compared to 7.9 billion shares the previous month.
Included in NASDAQ's handled and total reported share in January for all U.S.-listed, NASDAQ-listed, NYSE-listed, and ETF securities are average daily volumes of 1.6 billion, 555.7 million, 813.4 million, and 209.7 million shares, respectively, reported to the FINRA/NASDAQ Trade Reporting Facility (5).
The table below shows NASDAQ's market share in several individual NYSE-listed securities during January:
Matched Market Total Reported
Share Market Share
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Continental Airlines, Inc. (CAL) 28.1 42.2
Pfizer, Inc. (PFE) 25.5 44.5
Elan Corporation (ELN) 26.1 47.9
CVS Caremark (CVS) 25.0 46.7
Mylan, Inc. (MYL) 20.6 49.6
For the month, NASDAQ achieved total reported market share of over 30% in 627 NYSE-listed companies priced over $10 with average daily trading volume of more than 1 million shares.
To view all 627 NYSE-listed companies, visit http://www.nasdaqtrader.com/content/MarketStatistics/MarketShare/ccg_0108data.xls.
For more information about these and other NASDAQ market performance statistics, visit www.nasdaqtrader.com/marketshare.
To access the definitions of NASDAQ's market share terminology, visit http://www.nasdaqtrader.com/content/MarketStatistics/MarketShare/terms.pdf.
NASDAQ is the largest U.S. equities exchange. With approximately 3,100 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks as well as a leading liquidity pool for trading NYSE-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at www.nasdaq.com or the NASDAQ Newsroom at www.nasdaq.com/newsroom/.
Monthly Volume and Market Share Report
(Unaudited; shares in millions)
Month End
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U.S. Equities Volume Jan-08 Dec-07 Jan-07
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NASDAQ Matched Volume 58,868 33,958 30,871
NASDAQ Total Reported Volume 92,021 57,444 56,040
NASDAQ Handled Volume 114,247 70,592 70,683
Consolidated Volume 186,367 116,905 111,479
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U.S. Equities Market Share Jan-08 Dec-07 Jan-07
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NASDAQ Matched Share 31.6% 29.0% 27.7%
NASDAQ Total Reported Share 49.4% 49.1% 50.3%
NASDAQ Handled Share 61.3% 60.4% 63.4%
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NASDAQ-Listed Equities Volume Jan-08 Dec-07 Jan-07
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NASDAQ Matched Volume 27,329 17,298 19,903
NASDAQ Total Reported Volume 38,999 26,362 32,475
NASDAQ Handled Volume 41,361 27,908 34,320
Consolidated Volume 56,637 38,123 44,465
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NASDAQ-Listed Equities Market Share Jan-08 Dec-07 Jan-07
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NASDAQ Matched Share 48.3% 45.4% 44.8%
NASDAQ Total Reported Share 68.9% 69.2% 73.0%
NASDAQ Handled Share 73.0% 73.2% 77.2%
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NYSE-Listed Equities Volume Jan-08 Dec-07 Jan-07
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NASDAQ Matched Volume 21,805 11,762 8,835
NASDAQ Total Reported Volume 38,886 23,550 19,758
NASDAQ Handled Volume 57,443 34,564 32,189
Consolidated Volume 103,097 64,127 59,353
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NYSE-Listed Equities Market Share Jan-08 Dec-07 Jan-07
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NASDAQ Matched Share 21.1% 18.3% 14.9%
NASDAQ Total Reported Share 37.7% 36.7% 33.3%
NASDAQ Handled Share 55.7% 53.9% 54.2%
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U.S. ETFs Volume Jan-08 Dec-07 Jan-07
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NASDAQ Matched Volume 11,636 5,530 3,022
NASDAQ Total Reported Volume 16,040 7,907 4,976
NASDAQ Handled Volume 17,333 8,382 5,364
Consolidated Volume 29,293 14,874 9,381
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U.S. ETFs Market Share Jan-08 Dec-07 Jan-07
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NASDAQ Matched Share 39.7% 37.2% 32.2%
NASDAQ Total Reported Share 54.8% 53.2% 53.0%
NASDAQ Handled Share 59.2% 56.4% 57.2%
(1) Figure includes FINRA/NASDAQ TRF market share of 20.6%
(2) Figure includes FINRA/NASDAQ TRF market share of 16.6%
(3) Figure includes FINRA/NASDAQ TRF market share of 16.6%
(4) Figure includes FINRA/NASDAQ TRF market share of 15.1%
(5) FINRA is a registered trademark of the Financial Industry
Regulatory Authority and is used under license from the Financial
Industry Regulatory Authority.
