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Philadelphia Stock Exchange (PHLX)

Philadelphia Stock Exchange (PHLX) definition - business

Philadelphia Stock Exchange (PHLX)

The oldest organized securities exchange in the United States (founded in 1790), the PHLX serves as a marketplace for stocks, equity options, index options, and currency options. The exchange offers trading in both standardized and customized currency and equity options. The PHLX was the first floor-based stock exchange to change its structure from a seat-based mutual company to a share-based for-profit company.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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