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National Stock Exchange(R), Inc. (NSX (SM)) today announced that it processed 19 percent of the industry's quote volume for the week of July 23 through July 27, 2007. Since the start of full industry compliance with Regulation NMS on July 9, 2007, NSX has accounted for an 18.7-percent market share of the nation's quote volume.
Joseph Rizzello, NSX CEO and Chairman of NSX Holdings, Inc., said, "Since the full-scale launch of our new business plan in January 2007, our goal was to respond to our customers' demand for a cost-effective exchange platform on which to conduct their business. That NSX is handling 19 percent of all quote traffic demonstrates the meaningful way in which we are aggregating liquidity and enhancing price discovery in the U.S. markets.
"We are gratified that our unique model is enabling all of our customers to carry out their own business objectives -- with some continuing to achieve new volume milestones. Their success is a strong indication that we are successfully executing against our business plan and reinforces our commitment to aligning our interests with those of our customers and strategic investors," Mr. Rizzello said.
Daily volume in NSX BLADE(SM) averaged 76.6 million shares for the week of July 23 through July 27, reaching a record 124.4 million shares on July 26, the highest level since the system was launched on October 23, 2006. Trades on NSX BLADE reached an all-time high of 364,557 per day for the same week period.
NSX BLADE offers strict price-time priority, order delivery, unprecedented speed and highly competitive pricing due to NSX's unique operating leverage. The platform was built from the ground up to meet the speed, price and service needs for a post-Regulation NMS environment and to accommodate the broadest range of users, including ECNs, algorithmic traders and agency brokers.
NSX, founded in 1885, is the cost-effective provider of exchange services and continues to lead the way in exchange innovation. For more information, visit NSX's website at http://www.nsx.com.
(Quote data is based on market data feeds from the SIPs)
