What Is the Philadelphia Stock Exchange?

The Philadelphia Stock Exchange is one of the oldest stock exchanges in the United States. Founded in 1790. In 2005, Citi, Credit Suisse First Boston, Morgan Stanley, and Swiss Bank jointly purchased 25% of the Philadelphia Stock Exchange. In 2007, its options trading volume accounted for 14% of the US market share. It was acquired by NASDAQ on November 7, 2007. Since 2008, operations have continued as part of the Nasdaq. ^[1]

Philadelphia Stock Exchange

Right!

The Philadelphia Stock Exchange is one of the oldest stock exchanges in the United States. Founded in 1790. In 2005, Citi, Credit Suisse First Boston, Morgan Stanley, and Swiss Bank jointly purchased 25% of the Philadelphia Stock Exchange. In 2007, its options trading volume accounted for 14% of the US market share. It was acquired by NASDAQ on November 7, 2007. Since 2008, operations have continued as part of the Nasdaq. ^[1]

Chinese name

Philadelphia Stock Exchange

Foreign name

Philadelphia Stock Exchange

Founded

1790

Nature

Wholly foreign-owned enterprise

Industry

Financial industry

Headquarters

United States

A 90% stake in the Philadelphia Stock Exchange is controlled by a consortium of six major securities including Merrill Lynch and Morgan Stanley. Nasdaq and the Philadelphia Stock Exchange agreed to merge in 1998, but the plan was cancelled for some reason the following year. It is estimated that the total market value of the Philadelphia Stock Exchange is between $ 250 million and $ 300 million.

Company name: Philadelphia Stock Exchange

Company Abbreviation: Philadelphia Stock Exchange

English name: Philadelphia Stock Exchange

Type of organization: wholly foreign-owned enterprise

Industry: Financial Services

Company headquarters: United States

Introduction

The Philadelphia Stock Exchange (PHLX) was founded in 1790 as the first organized stock exchange in the United States.

As a major North American market for trading stocks, stock options, index options and currency options, Philadelphia remains a leader in developing and introducing innovative new products and services.

The Philadelphia industry has more than 7,000 shares, more than 2,600 stock options, 18 index options, and major currency options settled in US dollars.

Philadelphia Gold / Silver SectorSM (XAUSM) is the most actively traded, industry-based index option for any exchange that provides a widely cited benchmark for the gold and silver mining industry. Similarly, Philadelphia Housing SectorSM (HGXSM), Philadelphia Petroleum Services SectorSM (OSXSM), Philadelphia Semiconductor SectorSM (SOXSM) and Philadelphia Utility SectorSM (UTYSM) have all been established as indicators of leading industries.