SECURITIES ON EXCHANGES
Market Value and Share Volume

The total market value of all equity securities transactions on registered exchanges totaled $657 billion in 1982. Of this total, $603 billion, or 92 percent, represented the market value of transactions in stocks and $54 billion, or eight percent, the market value of options transactions. The remainder covers the market value of transactions in warrants and rights. The value of equity transactions on the New York Stock Exchange was $515 billion, up 24 percent from the previous year. In contrast, the market value of such transactions fell 15 percent to $34 billion on the American Stock Exchange but increased 42 percent to $108 billion on all regional

exchanges combined. The volume of trading in stocks on all registered exchanges totaled 22 billion shares in 1982, a 38 percent increase over the previous year, with 81 percent of the total accounted for by trading on the New York Stock Exchange.

The number of contracts traded on options exchanges rose 26 percent during 1982 to 137 million contracts, the market value of such contracts increased 29 percent to $54 billion. The volume of contracts executed on the Chicago Board Options Exchange rose 31 percent to 76 million; trading on the American Stock Exchange increased 11 percent; Philadelphia Stock Exchange contract volume expanded 35 percent; and Pacific Stock Exchange contract volume went up 34 percent.

* Reports of those exchanges marked with an asterisk cover transactions cleared during the calendar month; clearances occur for the most part on the fifth day after that on which the trade actually was
effected. Reports for other exchanges cover transactions effected on trade dates of calendar month.

1 Data on the value and volume of equity securities sales are reported in connection with fees paid under Section 31 of the Securities Exchange Act of 1934 as amended by the Securities Acts Amendments
of 1975. They cover odd-lot as well as round-lot transactions.

2 Includes voting trust certificates, certificates of deposit for stocks, and American Depository Receipts for stocks but excludes rights and warrants.

NASDAQ (Volume and Market
Value)

NASDAQ share volume and market value information for over-the-counter trading has been reported on a daily basis since November 1, 1971. At the end of 1982, there were approximately 3,700 issues in the NASDAQ system, an increase of eight percent during the year. Volume for 1982 was over eight billion shares, up eight percent from eight billion shares in the previous year. This trading volume encompasses the number of shares bought and sold by market-makers plus their net inventory changes. The market value of shares traded in the NASDAQ system was $84 billion at the end of 1982.

Share and Dollar Volume by Exchange

Share volume in 1982 for stocks, rights, and warrants on exchanges totaled 23 billion, an increase of 41 percent from the previous year. The New York Stock Exchange accounted for 81 percent of 1982 share volume; the American Stock Exchange, seven percent; the Midwest Stock Exchange, five percent; and the Pacific Stock Exchange, four percent.

The market value of stocks, rights, and warrants traded was $603 billion, an increase of 23 percent over the previous year. Trading on the New York Stock Exchange contributed 85 percent of the total; and trading on the American Stock Exchange accounted for three percent and the Midwest Stock Exchange trading reached six percent of the total.