Pacific Exchange Hear it!

Pacific Exchange (PCX) Finance Definition

A marketplace in which individual and institutional investors buy and sell options on more than 1,200 stocks. It was founded in 1882 as the San Francisco Stock and Bond Exchange and is headquartered in San Francisco. It was the first U.S. stock exchange to demutualize, establishing PCX Equities, Inc. as a for-profit corporate subsidiary of the Pacific Exchange in 1999.