Wednesday, April 7, 2010 as of 11:14 AM ET
Philadelphia Stock Exchange (PHLX), now known as NASDAQ OMX PHLX, is the oldest stock exchange in the United States, founded in 1790. It is now owned by NASDAQ OMX and located at 1900 Market Street, in Center City Philadelphia.
Read More at Wikipedia ›The International Securities Exchange is drafting rules and legal documents as it seeks to launch the company's second stock-options exchange by the end of 2012, according to its chief executive.
A junior options market is a chief goal for the ISE as the firm has ceded trading business to rivals running multiple venues, such as CBOE Holdings Inc. (CBOE), NYSE Euronext (NYX) and Nasdaq OMX Group Inc. (NDAQ)."It is a very high priority at the ISE to get this done," said Chief Executive Gary Katz in an interview.The fiercely competitive U.S. options exchange market is already split between nine platforms, with two others set to be added as well as ISE's planned launch.Market leader CBOE Holdings Inc. (CBOE) and NYSE Euronext (NYX) each run two exchanges, while Nasdaq OMX Group Inc. (NDAQ) plans to add a third platform this year. Miami International Holdings Inc., a start-up staffed by former Philadelphia Stock Exchange officials, is also working on a new options exchange.The launches could...
Schlumberger Ltd, the world's largest oilfield services company, expects turmoil in the Middle East and Africa to knock 8 to 10 cents per share off first-quarter pro...
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Bernie Madoff
NASDAQ acquires Philadelphia Stock Exchange .
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