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A stock exchange based in San Francisco, California. It formerly had a branch office in Los Angeles, which closed in 2001. With origins tracing back to 1882, the Pacific Exchange trades primarily in stocks and options. Since the early 2000s, all stock trading has occurred electronically. However, its options market still maintains a trading floor and an open outcry system.
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See Pacific Exchange.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.