The New York Stock Exchange said on Wednesday that its global market capitalisation for shares traded rose in 2003, amid one of the most turbulent periods in the exchange's 211-year history.
In a year-end review statement released on its Web site, the world's largest exchange said its market capitalisation increased to $16.8 trillion during the year from $13.4 trillion at the end of 2002.
During 2003, the exchange said it maintained a market share of 81 percent in listed stocks traded during NYSE trading hours.
The NYSE said it garnered "the dominant share" of the market for initial public offerings during the year with 65 new offerings, while adding 106 new companies to its listings.
The exchange managed to divert business from its largest rivals. Included in its 90 new domestic listings were 17 companies that transferred from the No 2 Nasdaq Stock Market Inc, and six firms which left the No 3 American Stock Exchange.
The report sought to highlight the exchange's regulatory enforcement, which has been assailed by regulators and independent observers as ineffective.
In its report, the NYSE said it prosecuted 231 cases, which included 59 actions against member firms.
The NYSE collected a record $12.6 million in disciplinary fines at a collection rate of 100 percent, the exchange said.
The Big Board is embroiled in controversy stemming from the $188 million compensation package of former NYSE Chairman and Chief Executive Officer Richard Grasso, who was forced from his post by widespread criticism over the size of his pay package.
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