Nine months ended

September 30, 2001

September 30, 2000

Revenues:

Transaction services

$

     305,772

$

   291,231

Market information services

       176,925

          200,796

Corporate Client Group services

116,463

          109,566

Other

42,621

            19,646

Total revenues

641,781

           621,239

Expenses:

Compensation and benefits

131,131

            91,929

Marketing and advertising

17,597

            32,034

Depreciation and amortization

65,558

            45,614

Professional and contract services

54,424

            36,877

Computer operations and data communications

131,875

            98,545

Bad debt expense

14,460

             3,369

Occupancy

19,866

           11,462

Disaster related

843

                   -

Other

48,325

           22,793

Total direct expenses

484,079

         342,623

Support costs from related parties, net

76,121

           90,197

Total expenses

560,200

         432,820

Net operating income

81,581

         188,419

Interest income

16,649

           10,924

Interest expense

  (5,447)

           (1,677)

Minority interests

5,234

             - 

Provision for income taxes

(44,297)

          (83,988)

Net income before cumulative effect of change in accounting principle.

53,720

           113,678

Cumulative effect of change in accounting principle, net of taxes of  $67,956

$

            -

  $

  (101,090)

Net income

$

53,720

$

    12,588

Basic earnings per share before cumulative effect of change in accounting principle

$

           0.45       

$

1.05

Basic loss per share for change in accounting principle

$

                -

$

       (0.93)

Diluted earnings per share before cumulative effect of change in accounting principle

$

            0.44      

$

        1.05

Diluted loss per share for change in accounting principle

$

                -

$

       (0.93)

Basic earnings per common share

$

          0.45

$

        0.12

Diluted earnings per common share

$

          0.44

$

        0.12