What is Chicago Stock Exchange?

Chicago Stock Exchange (CHX) is located in Chicago, Illinois and is the largest regional exchange in the United States. Investors can trade securities exclusively with stock exchange and securities on other markets. Chx Holdings Inc., a corporation based in Delaware, owns Chicago Stock Exchange. Chx is a self -regulating organization, but is registered with the Securities and Stock Exchange Commission (SEC), which oversees its activities. CHX merged with exchanges in Cleveland in Ohio; Louis, Missouri; and Minneapolis-St.Pul, Minnesota, in 1949 to create a Midwest Stock Exchange. In 1993 he officially changed his name back to Chicago Stock Exchange. In 2005, CHX changed its structure and moved from a non -profit organization owned by a member to a member of a traded company. The system allows the Chicago Stock Exchange and other regional stock exchanges to display real -time stock prices and the price required for the same stocks on other stock exchanges.

Since 2010, the Chicago Stock Exchange has been operating every week from Monday to Friday, but was closed for US federal holidays. Every day there were three business sessions: early sessions, regular business sessions and late sessions. The regular session was timed to work in the same hours as other main stock markets in the US

American brokers and retailers can connect to CHX using an electronic conformity system. The National Best offers bid range (NBBO) requires retailers to find the best prices for customers who place orders. The automated comparative system receives orders and corresponds to the seller at the best prices. If the offers cannot be compared, the system refuses to order and will remain in the system until the appropriate match is found.