Philadelphia Stock Exchange - PHLX

The Philadelphia Stock Exchanged is located in 1900 Market Street in Philadelphia, Pennsylvania - Center City. The PHLX changed names and is known as NASDAQ OMX PHLX. As the name suggests the NASDAQ OMX owns this entity now. The Philadelphia Stock Exchange is considered the oldest exchange in the United States and it dates back to its foundation during 1790. Its location has changed over the years and so has its name, after many mergers; however, it was first known as The Board of Brokers. The hours of operation are during Monday through Friday from 8:30 am until 4:00 pm - Weekends and holidays excluded. The website for this entity is nasdaqtrader.com

The Philadelphia Stock Exchange trades in US dollar currency and offers more than 2600 equity options, and sector index options. Since the development and advance of technology, this exchange also operates electronically and trades using a combination of floor trading and electronic trading. Products available from this entity include equity options, world currency options, sector based index options, and broad based index options. The PHLX offers a competitive program on numerous options named make/take pricing program, to offer a competitive pricing.

When it was founded, this entity was located at the heart of the financial market, which was Philadelphia, at the time. Since New York was a merchant port, it had the advantage of receiving first news in trading, which gave this city an advantage over Philadelphia, even that the Philadelphia stock exchange was older. The Philadelphia Stock Exchange has to establish a network of stations at high points to do trading to be able to compete with the stock exchange in New York, which got first news. This is how it survived, until the invention of the telegraph and its development. Today, the internet makes trading possible as well and speeds things up.

After this period, the Philadelphia Stock Exchange merged with the Baltimore Exchange in 1949 and with the Washington Stock Exchange in 1954. In 1964, it merged with the Pittsburg Stock Exchange, being this one the last merger. Today, it continues as a strong entity and among its top equities, it includes companies such as Wells Fargo, NRG Energy, Citigroup, Zions Bancorp, Apple Inc, Kraft Foods, and others.

Major companies listed in the Philadelphia Stock Exchange include JPMorgan & Chase, Petroleo Brasilei, Bristol Meyers SQ, QUALCOM, EBAY, Inc., Circuit City Stor, Texas Instrument, Yahoo!, Inc., General Motors C, Companhia Vale Do Rio Doce, and many others. In addition, top investors of the Philadelphia Stock Exchange include Bank of America Corporation, QUALCOM, Navistar INTL Corp New, NASDAQ-100 Index, INTEL Corp, BJ SVCS Co, Collagenex Pharmaceuticals, Threshold Pharmaceutical Inc, and many other important investors.

NASDAQ OMX PHLX is the third largest market for options in the United States. It has proven to be a strong entity throughout history, more than 200 years of history in which it survived name changes, mergers, fires, several relocations, and even the heavy competition with the NYSE in the earlier days. With the support of major companies and heavy investors, today trades 2,600 plus equities, sector index, and U.S. dollar settled major currency options.