Boston Equities Exchange - BEX

DEFINITION of 'Boston Equities Exchange - BEX'

A fully automated trading system created by the Boston Stock Exchange and five other financial conglomerates. The BEX offered a high-speed, low-cost alternative to market duopoly. The BEX also provided a superior ability to route market trades electronically and the opportunity for anonymous trade handling and execution.

BREAKING DOWN 'Boston Equities Exchange - BEX'

The BEX opened in December of 2006 and was closed on September 5, 2007. It had struggled to gain market share because of the strength of its participants. The BEX's short life raises questions about whether fully automated exchanges can compete with the traditional exchanges and Nasdaq.

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RELATED FAQS
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    Understand how financial advisors normally execute an investor's trades. Learn about the different type of markets and exchanges ... Read Answer >>
  2. What exactly is being done when shares are bought and sold?

    Most stocks are traded on physical or virtual exchanges. The New York Stock Exchange (NYSE), for example, is a physical exchange ... Read Answer >>
  3. Why are traders on the floor of the exchange?

    Before the advent of electronic trading platforms, the floor of the stock exchange was the location for market transactions ... Read Answer >>
  4. What is the cost of living difference between Boston and New York City?

    Discover MIT and Numbeo statistics that show that the cost of living in Boston, except for rental prices, is basically equal ... Read Answer >>
  5. How does a company switch from one stock exchange to another?

    A publicly traded company can, in fact, switch to a stock exchange that it believes will be favorable to its financing efforts. ... Read Answer >>
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