NEW YORK, June 13, 2006 (PRIMEZONE) -- The Nasdaq Stock Market, Inc. (Nasdaq:NDAQ) today announced its consolidated market performance statistics for the NASDAQ Market Center, INET and Brut trading platforms for the month of May.
NASDAQ continued to capture a greater percentage of market share and share volume in NYSE-listed securities. During May 2006, NASDAQ's average daily share volume in NYSE-listed securities was approximately 566.5 million, compared with 549.1 million in April and 316.4 million in May 2005. Matched market share(1) in NYSE-listed securities increased to 8.0% in May from 7.9% in April. NASDAQ's touched market share in NYSE-listed securities rose to 20.7% in May from 20.0% in April.
NASDAQ's total market share in NYSE-listed securities in May was 21.9%. Included in the total market share figure for May is 13.9% in NYSE-listed securities executed by broker dealers and reported to NASDAQ.
NASDAQ's market share in NASDAQ-listed securities in May was approximately 77.2%. Included in the total market share figure for May is approximately 28.7% in NASDAQ securities executed by broker dealers and reported to NASDAQ. Matched market share in NASDAQ-listed securities was 48.5% in May and touched market share in NASDAQ securities in May was 56.0%.
NASDAQ's total market share in NASDAQ-listed securities is total share volume of NASDAQ-listed securities that are executed on the NASDAQ Market Center, INET and/or Brut books, plus internalized volume, as a percentage of total consolidated NASDAQ market volume. Shares routed to other market centers for execution are not included.
Total market share in NYSE-listed securities is based on total share volume of NYSE-listed securities that are executed on the NASDAQ Market Center, INET and/or Brut books, plus internalized volume as a percentage of total consolidated NYSE market volume.
Matched market share represents total share volume of NASDAQ or NYSE-listed securities that are executed on the NASDAQ Market Center, INET or Brut books as a percentage of total consolidated NASDAQ or NYSE market volume.
Touched market share represents total share volume of NASDAQ or NYSE-listed securities that are executed on the NASDAQ Market Center, INET or Brut books plus volume of shares routed to other market centers for execution, as a percentage of consolidated NASDAQ or NYSE market volume.
For more information about these and other NASDAQ market performance statistics, visit www.nasdaqtrader.com/marketshare.
In other developments, NASDAQ's exchange operation date has been delayed, and we are now targeting an August 2006 implementation, in order to give firms more time to complete the operational changes necessary to accommodate exchange operation. NASDAQ will continue to work with market participants and industry groups to expedite implementation.
Additionally, NASDAQ plans to begin the migration of the NASDAQ, Brut and INET systems into a Single Book in the third quarter, subject to approval by the Securities and Exchange Commission.
NASDAQ is the largest U.S. electronic stock market. With approximately 3,200 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at http://www.nasdaq.com or the NASDAQ Newsroom at http://www.nasdaq.com/newsroom/.
(1) The NASDAQ, Brut and INET matched volume numbers for NYSE-listed securities are pulled from an internal NASDAQ data source.