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The largest electronic stock exchange in the country, NSX averaged 493.7 million shares per day in 2004, compared with 273.4 million shares per day in 2003. The number of trades per day averaged 1.2 million in 2004, more than twice the 577,810 averaged per day in 2003. Both trades and share volume surpassed calendar year 2003 record levels in July 2004. The third largest stock market in the United States, NSX ended the year with a 33-percent market share of trades in Nasdaq-listed stocks.
"For years, NSX has been dedicated to providing the most cost-efficient stock market in the country," said NSX Chief Executive Officer and President David Colker. "Our strategy is clear-cut -- if we see a way to improve service for our customers, or deliver it less expensively, we do it. Our record performance in 2004 reaffirms this strategy, and our commitment to the nation's trading community and their customers remains stronger than ever."
National Stock Exchange, the nation's first all-electronic stock exchange, is the low-cost provider of exchange services and a recognized alternative to the primary markets. Having replaced its physical trading floor with a completely automated market in 1980, NSX has been a model of exchange efficiency and a driving force for change in the world of securities exchanges. Founded in 1885, the Exchange changed its name on November 7, 2003 to National Stock Exchange from The Cincinnati Stock Exchange. For more information about NSX, visit the NSX website at http://www.nsx.com .
