PHLX


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PHLX

Philadelphia Stock Exchange

Founded in 1790, the oldest stock exchange in the United States. Equities in 2,000 companies and 1,700 options are traded on the PHLX floor. The exchange operates on an open outcry system, and is noted for its index options and currency options. It is currently owned by NASDAQ.

PHLX

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The PHLX needed a significant number of large bandwidth circuits, the ability to easily and quickly grow their overall networking capacity, and the least amount of latency.
One of the biggest challenges PHLX faces is managing enormous volumes of application changes to support the company's complex, customer-facing financial applications.
Morgan, PHLX's executive vice president and CIO, "The new network infrastructure expansion and co-located presence uniquely positions the PHLX to be one of the fastest and most reliable Reg NMS compliant electronic trading venues by providing extremely high availability and ultra low latency.
The PHLX trades 2,000 stocks, 1,654 equity options, 22 sectors index options and currency options and futures.
The ability of PRO to provide the PHLX and its members an excellent NMS-compliant routing service to complement the new PHLX XLE equity platform has enhanced the PHLX's ability to effectively compete in the Reg NMS electronic marketplace," said Meyer S.
PHLX will assist OES in the establishment of the NASD registered broker-dealer to operate as a single-purpose facility of the PHLX designed to deliver orders to OES, or other qualified access brokers, for execution in other marketplaces.
PHLX XL provides a fully electronic trading platform for deep and liquid markets for the BKX and to assure that the composition is highly representative of the banking industry, Keefe, Bruyette & Woods evaluates the index at least annually.
The PHLX trades nearly 2,220 stocks, over 1,201 equity options, 13 sectors index options and currency options.
CINCINNATI -- Among the stocks featured in the January 11 edition of Schaeffer's Market Blog are the PHLX Oil Services Sector (PHLX:OSX), QLogic (NASDAQ:QLGC), Alcoa (NYSE:AA), Google (NASDAQ:GOOG), and eBay (NASDAQ:EBAY).
CINCINNATI -- Among the stocks featured in the January 7 edition of Schaeffer's Market Blog are UTStarcom (NASDAQ:UTSI), DoubleClick (NASDAQ:DCLK), Darden Restaurants (NYSE:DRI), Symantec (NASDAQ:SYMC), and the PHLX Gold and Silver Index (PHLX:XAU).
year to date and has been one of the top 5 options listed on the PHLX by open interest," noted Dan Carrigan, Vice President of New Product Development at the Philadelphia Stock Exchange.