Boston Stock Exchange Continues Record Growth Despite Unrelenting Bear Market; Share Volume Up a Record-Setting 105% in Fourth Quarter of FY 2002.Business Editors BOSTON--(BUSINESS WIRE)--Oct. 21, 2002 Boston Stock Exchange The Boston Stock Exchange (BSE) is a regional stock exchange located in Boston, Massachusetts. The third-oldest stock exchange in the United States, it was founded in 1834. On October 2nd, 2007 Nasdaq agreed to acquire BSE for $61 million. (BSE See Bombay Stock Exchange. BSE See Boston Stock Exchange (BSE). ) reports positive news today for fiscal year 2002 within an industry that continues to struggle. "In a period of increased volume due to ongoing market volatility, the BSE has seen its average daily share volume jump 105% in the fourth quarter and 76% for the entire fiscal year 2002, representing the largest percentage growth among all U.S. equity exchanges," said Kenneth R. Leibler, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of the Boston Stock Exchange. "The BSE continues to see a larger share of business from both existing and new customers because of our top quality executions and high-touch customer service," added Mr. Leibler. In one of the most difficult periods for the markets, the BSE recorded the best quarter in its 168-year history for average daily share and trade volume. For the quarter ended September September: see month. 30, 2002, average daily share volume grew from 26.7 to 54.9 million shares, a gain of 105% compared to the same period in fiscal year 2001. Trade volume reached 85,479 trades, an increase of 66% compared to 51,485 trades per day in the fourth quarter of fiscal year 2001. The Exchange also reported gains for the fiscal year-end Fiscal Year-End The completion of a one-year, or 12-month, accounting period. Notes: The reason that a company's fiscal year often differs from the calendar year and does not close on Dec 31, is due to the nature of company's needs. . Total annual share volume for the BSE's fiscal year 2002 (October 1st - September 30th) was 11.3 billion, an increase of 80% from fiscal year 2001. Total trade volume reached 19.2 million, up nearly 50% from the prior year.
4th Q 4th Q Percentage
FY 2002 FY 2001 Change
Average Daily Share Volume 54,852,294 26,716,654 + 105%
Average Daily Trade Volume 85,479 51,485 + 66%
Fiscal Year Fiscal Year Percentage
2002 2001 Change
Total Annual Share Volume 11,317,435,551 6,286,562,404 + 80%
Total Annual Trade Volume 19,162,269 12,841,098 + 49%
Average Daily Share Volume 44,910,458 25,451,670 + 76%
Average Daily Trade Volume 76,041 51,988 + 46%
Boston Stock Exchange, Inc. Founded in 1834 as the third oldest exchange in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , the Boston Stock Exchange (BSE) has, from its beginnings, played a vital role as a leading regional exchange within the strongest capital market system in the world. Today, the BSE offers exceptional market quality, specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. trading services, innovative technology and outstanding customer service to broker-dealers, investment institutions and listed public companies. The BSE trades more than 11 billion shares of listed securities Listed Security Securities that have been accepted for trading purposes by a recognized and regulated exchange. Notes: Listed securities have the advantage of higher liquidity within a regulated environment. on an annual basis. Additional information can be found at www.bostonstock.com. |
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