What Is the Chicago Stock Exchange?

The Chicago Stock Exchange (CHX) of the United States, from 1864 to 1882, driven by the British Industrial Revolution, the steelmaking industry and manufacturing industry in Chicago, USA, developed rapidly, and many large companies urgently needed funds in their development. Stockbrokers came into being in Chicago, and they raised money from the public to solve the capital bottleneck for industrial development and profit from it. On May 15, 1882, these dealers organized a local exchange, the Chicago Stock Exchange. At the time of establishment there were only 52 stocks and 80 bonds. On July 8, 1997, the Midwest Stock Exchange officially changed its name to the Chicago Stock Exchange.