The Philadelphia Stock Exchange Announces January 2004 Volume - "PHLX Sees Across-The-Board Increase In All PHLX Products”

The Philadelphia Stock Exchange announced today that volume has increased in January in all PHLX products with equity options and sectors indexes more than doubling in volume.

• Equity options trading in January averaged 802, 485 contracts per day, an increase of 107.6% compared to January 2003. The Exchange’s market share in equity options for January was 15.1%, up 21% from the same year-ago period. Compared to the previous month, equity options volume increased 18.2% when the exchange averaged 617,195 contracts traded per day.
• Sectors index options trading volume in January increased 115.5% when 453,055 contracts traded compared to the same month last year when 210,265 contracts traded. Sector index option volume increased 23.2% when compared to the previous month when 367,729 contracts traded.
• Equity volume for January reached 331,017,910 shares, up 26.2% compared to the previous month when 262,365,782 shares traded. Volume was up 17.8% compared to the same period last year when 281,118,277 shares traded.
• Trading volume in January in the customized and standardized currency options totaled 38,537 contracts, an 80.1 % increase from the same month last year when 21,394 contracts traded. Volume increased 14.7% from the previous month when 33,603 contracts traded.
• PHLX set volume records on both floors during the month - for equity options when 1,504,657 contracts traded on January 6, and for equities, when over 21 million shares traded on January 15.

PHLX currently lists options on 14 sectors: PHLX/KBW Bank Index (BKX ^SM); KBW Insurance Index (KIX^SM); PHLX Computer Box Maker Sector^SM (BMX^SM); PHLX Drug Sector^SM (RXS^SM); PHLX Gold/Silver Sector^SM (XAU^SM); PHLX Oil Service Sector^SM (OSX^SM); PHLX OTC Prime Sector^SM (OTX^SM); PHLX Defense Sector^SM (DFX^SM); TheStreet.com Internet Sector (DOT^SM); PHLX Semiconductor Sector^SM (SOX^SM); PHLX Utility Sector^SM (UTY^SM); PHLX Housing Sector^SM (HGX^SM), the SIG Investment Managers Index™ (^SMQ^SM), and the PHLX Europe Sector (XEX^SM) The Philadelphia Stock Exchange was founded in 1790. The PHLX trades 2,000 stocks, more than 1,200 equity options, 14 sectors index options, and currency options and futures. For more information about the PHLX and its products, visit www.phlx.com.

SIG Investment Managers Index™ is a trademark of Susquehanna Indices, LLP.

SMQSM is a service mark of the Philadelphia Stock Exchange.