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Boston Stock Exchange Daily Share Volume Up 62% in First Quarter of FY2002

Date 25/01/2002

The Boston Stock Exchange (BSE) has announced volume results for the first quarter of fiscal year 2002 and for calendar 2001 year-end.

For the first quarter of fiscal year 2002 which ended December 31, 2001, average daily share volume on the BSE reached 40.4 million shares, up 62% compared to the first quarter of fiscal year 2001. Trade volume for the same time period increased 26% to 68,707 trades per day.

Two of the BSE's core trading programs, the Competing Specialist Initiative (CSI) and Beacon Remote, contributed substantially to this growth in volume. Daily shares from CSI, which now accounts for more than half of the BSE's daily share volume, grew to 26 million in the first quarter of fiscal year 2002, up from 9.4 million in the first quarter of fiscal year 2001. Become Remote volume reached 5.4 million shares daily in the first quarter of fiscal year 2002, a four-fold increase from an average of 1.3 million shares traded daily during the same time period in fiscal year 2001. Since its inception in February 2001, Beacon Remote has grown to now make up 13% of the Exchange's daily share volume.

On a calendar year basis, the BSE closed the year 2001 with record-setting levels for the month of December. The Exchange's average daily share and trade volume jumped significantly during December 2001 by 60% and 43%, respectively, compared to all of calendar year 2001. In addition, on December 5th, the BSE's share volume reached a record-breaking 92 million shares per day. The previous single day record of 63 million shares per day was set on September 21, 2001.


BOSTON STOCK EXCHANGE
Q1 FY2002 TRADING VOLUME STATISTICS


DAILY VOLUME
Q1 FY2002 comparison to Q1 FY2001

  1st Q Fiscal Year 2002 1st Q Fiscal Year 2001 Percentage Change
Average Daily Share Volume 40,442,977 24,987,159 +62%
Average Daily Trade Volume 68,707 54,507 +26%


COMPETING SPECIALIST INITIATIVE (CSI) VOLUME
Q1 FY2002 comparison to Q1 FY2001
  1st Q Fiscal Year 2002 1st Q Fiscal Year 2001 Percentage Change
Competing Specialist InitiativeAverage Daily Share Volume 26,098,000 9,369,000 +179%
Competing Specialist Initiative Average Daily Trade Volume 50,396 28,428 +77%


BEACON REMOTE VOLUME
Q1 FY2002 comparison to Q1 FY2001
  1st Q Fiscal Year 2002 1st Q Fiscal Year 2001 Percentage Change
Beacon Remote Average Daily Share Volume 5,379,000 1,347,480 +299%
Beacon Remote Average Daily Trade Volume 11,592 3,530 +228%
(The BSE's fiscal year runs October 1 through September 30.)





BOSTON STOCK EXCHANGE 2001 CALENDAR YEAR-END TRADING VOLUME STATISTICS

DAILY VOLUME
Calendar Year 2001 comparison to Calendar Year 2000
  Calendar Year 2001 Calendar Year 2000 Percentage Change
Average Daily Share Volume 29,438,395 22,576,312 +30%
Average Daily Trade Volume 55,663 53,231 +5%


DAILY VOLUME
Calendar Year 2001 comparison to month of December 2001
  December 2001 Calendar Year 2001 Percentage Change
Average Daily Share Volume 46,943,156 29,438,395 +60%
Average Daily Trade Volume 79,563 55,663 +43%


ANNUAL VOLUME
Calendar Year 2001 comparison to Calendar Year 2000
  Calendar Year 2001 Calendar Year 2000 Percentage Change
Total Annual Share Volume 7,300,721,915 5,689,230,637 +28%
Total Annual Trade Volume 13,804,407 13,414,287 +3%




BOSTON STOCK EXCHANGE
HIGHEST VOLUME DAYS

Highest Share Volume Daysin BSE History   Highest Trade Volume Daysin BSE History
1. December 5, 2001 92,372,998   1. September 17, 2001 128,581
2. September 21, 2001 63,364,700   2. September 21, 2001 127,822
3. September 19, 2001 63,070,113   3. September 24, 2001 120,578
4. October 11, 2001 62,150,359   4. September 19, 2001 117,935
5. December 4, 2001 61,478,244   5. December 5, 2001 113,330