What is the Pacific Exchange?

shares are usually purchased and sold on stock exchanges - markets for buying and selling shares and other financial instruments. The main stock exchanges in the United States (US) include the New York Stock Exchange (NYSE) and the National Association of Sealers of Securities Automated Quote (NASDAQ). Although these two exchanges are the largest and strongest exchanges in the country, they are not the only ones to buy and sell securities. The Pacific Exchange was one of several smaller regional exchanges and in 2007 it was absorbed into Nys in 2007. The main office and business floor were located in San Francisco and the satellite business floor was operated in Los Angeles. Although smaller than Nys and Nasdaq, the Pacific Stock Exchange was a market where stocks and bonds were purchased and sold. In the middle of 1970s, the Put and Call - Option is a contract that gives the investor the opportunity to buy or sell shares and other financial assets at a particular price up to a certain time in the future.

Over the last three decades of the 20th century. The Pacific Exchange has traded more than 1200 shares and has also become one of the world's leading markets with derivatives. In 1997, the word "shares" was excluded from its name and became a friend simply as the Pacific Exchange. Stock exchanges are private organizations that own a limited number of members - usually brokerage and investment houses. In 1999, the Pacific Exchange became the first American stock exchange to demutualize.

At the turn of the century, most of the financial transactions were processed by computer-sellers and brokers no longer needed business in the face. What is that the Pacific replacement was closed in 2001 by the trade floor in Los Angeles; A year later he did the same in San Francisco. In 2003, an electronic trading system developed. Then in 2005 the Pacific replacement was obtained by the Holdings archipelago. A year later he was purchased by nys and in the belowStarts ended his run as a separate company.