Regional stock exchange

A regional stock exchange is a term used in the United States to describe stock exchanges that operates outside of the country's main financial center in New York City. A regional stock exchange operates in the trading of listed and over-the-counter (OTC) equities under the SEC's Unlisted Trading Privileges (UTP) rule.

Current

Regional exchanges currently registered with the SEC include:

Boston Stock Exchange (BSE or BSX), acquired by NASDAQ in 2007
CBOE Stock Exchange (CBSX)
Chicago Stock Exchange (CHX)
National Stock Exchange (NSX)
Pacific Stock Exchange (PSE), acquired by NYSE in 2006
Philadelphia Stock Exchange (PHLX), the nation's first stock exchange, acquired by NASDAQ in 2007

The Boston and Philadelphia Stock Exchanges were both acquired by NASDAQ in 2007, and the Pacific Exchange acquired in 2006 by the New York Stock Exchange, thus ending their identities as separate stock exchanges.

The Cincinnati Stock Exchange moved to Chicago and changed its name to the National Stock Exchange. It moved again to its current location in Jersey City, New Jersey.

Historical

There used to be many more such exchanges in the United States. Among those that have become defunct or have merged into the survivors listed above are

Baltimore, which merged with Philadelphia in 1949
Buffalo, New York, which closed in 1936
Cleveland, which merged with Chicago in 1949
Colorado Springs, which closed in 1966
Denver, which closed in 1936
Detroit, which closed in 1976
Hartford, which closed in 1934
Honolulu, which closed in 1977
Los Angeles and San Francisco, which merged to form the Pacific Exchange in 1957
Louisville, Kentucky, which closed in 1935
Milwaukee, which closed in 1938
Minneapolis-St. Paul, which merged with Chicago in 1949
New Orleans, which merged with Chicago in 1959
Pittsburgh, which merged with Philadelphia in 1969
Richmond, Virginia, which closed in 1972
St. Louis, which merged with Chicago in 1949
Salt Lake City, which closed in 1986
Seattle, which closed in 1942
Spokane, Washington, which closed in 1991
Washington, D.C., which merged with Philadelphia in 1953
Wheeling, West Virginia, which closed in 1965

This article is issued from Wikipedia - version of the Wednesday, March 05, 2014. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.