100happywishes.com
All about investing

Philadelphia Stock Exchange (PHLX)

Contents

  1. Origins and Evolution of the PHLX
  2. A Pioneer in Securities Trading
  3. Embracing Technological Advancements
  4. Transition to Nasdaq Ownership
  5. Key Offerings and Indexes
  6. Sector Indexes and Options Trading
  7. Comprehensive Listing of Sector Indexes

Exploring the Philadelphia Stock Exchange (PHLX): A Historical and Contemporary Overview

Uncover the rich history and modern role of the Philadelphia Stock Exchange (PHLX), from its inception as the first official U.S. securities exchange in 1790 to its current focus on options trading and popular sector indexes.

Origins and Evolution of the PHLX

A Pioneer in Securities Trading

Discover how the PHLX, originally known as the Board of Brokers, paved the way for formal securities trading in the United States, predating even the New York Stock Exchange (NYSE).

Embracing Technological Advancements

Explore the PHLX's innovative spirit, exemplified by its early adoption of electronic trading with the introduction of the PACE system in 1975, and its subsequent expansion into currency options trading.

Transition to Nasdaq Ownership

Learn about the transformative changes that occurred in 2008 when the PHLX was acquired by Nasdaq Inc., marking a shift in focus towards options trading and solidifying its position as the third-largest options market in the U.S.

Key Offerings and Indexes

Sector Indexes and Options Trading

Dive into the diverse array of sector indexes maintained by the PHLX, including widely tracked benchmarks like the PHLX KBW Bank Index (BKX) and the PHLX Semiconductor Sector Index (SOX), which serve as the foundation for options trading.

Comprehensive Listing of Sector Indexes

Explore the extensive list of sector indexes calculated and disseminated by the PHLX, spanning industries such as banking, insurance, healthcare, and technology, providing valuable insights for investors and traders alike.