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.

RELATED TERMS
  1. Intermarket Trading System - ITS

    An electronic computer system that joins the trading floors of ...
  2. Boston Options Exchange - BOX

    An all-electronic equity derivatives exchange launched on February ...
  3. Boston Stock Exchange (BSE) .B

    One of several regional stock exchanges located throughout the ...
  4. Anonymous Trading

    Bids and offers that are visible on the market but which do not ...
  5. Centralized Market

    A financial market structure that consists of having all orders ...
  6. Over-The-Counter Exchange Of India ...

    An electronic stock exchange based in India that is comprised ...
Related Articles
  1. Trading

    Beginner Trading Fundamentals: Strategy Automation

    Strategy automation can made the difference between a winning and losing trade; however, there are both positives and negatives to using an automated trading system.
  2. Markets

    The Global Electronic Stock Market

    The way trading is conducted is changing rapidly as exchanges turn toward automation.
  3. Trading

    The Pros And Cons Of Automated Trading Systems

    Automated trading systems minimize emotions, allow for faster order entry, lead to greater consistency and resolve pilot-error problems.
  4. Markets

    Stock Exchanges: A Global Tour

    Check out the history and inner workings of the world's six most well-known stock exchanges.
  5. Personal Finance

    Studying in the United States: Boston

    With more colleges than most cities, Boston is a mecca for students from around the world. Here's what to budget to study there.
  6. Investing

    Stock Exchanges Around The World

    We tell you about five of the most popular stock exchanges from around the globe.
  7. Personal Finance

    Best Places to Exchange Currency in Boston

    Since the nation’s first colonial currency was established in Revolutionary War-era Boston, the city’s currency exchange situation has come a long way.
  8. Trading

    Trading Systems Coding

    Automate your trades by translating your strategy into a language your computer can implement in this hands-free approach to investing.
  9. Investing

    What's a Conglomerate?

    A conglomerate is a corporation that’s comprised of several different independent businesses.
  10. Markets

    3 Things to Know Before Selling Boston Scientific Group (BSX)

    Watch Boston Scientific’s technical indicators before deciding to sell this stock. Its share price might find support at the $16.50 level in early 2016.
RELATED FAQS
  1. What are all of the securities markets in the U.S.A?

    There are three major U.S. financial securities markets which are: New York Stock Exchange (NYSE): NYSE is a stock exchange ... Read Answer >>
  2. How do financial advisors execute trades?

    Understand how financial advisors normally execute an investor's trades. Learn about the different type of markets and exchanges ... Read Answer >>
  3. 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 >>
  4. Why is the Nasdaq more volatile than the NYSE?

    Learn about the stocks that are traded on the Nasdaq stock exchange, and discover the Nasdaq's relative volatility level ... Read Answer >>
  5. When do stock market exchanges close?

    Learn about stock exchanges, the main function of stock market changes and the opening and closing times of some major stock ... Read Answer >>
  6. What are the advantages and disadvantages of listing on the Nasdaq versus other stock ...

    Discover some of the primary advantages and disadvantages that exist for companies listed on the Nasdaq exchange rather than ... Read Answer >>
Hot Definitions
  1. European Union - EU

    A group of European countries that participates in the world economy as one economic unit and operates under one official ...
  2. Sell-Off

    The rapid selling of securities, such as stocks, bonds and commodities. The increase in supply leads to a decline in the ...
  3. Brazil, Russia, India And China - BRIC

    An acronym for the economies of Brazil, Russia, India and China combined. It has been speculated that by 2050 these four ...
  4. Brexit

    The Brexit, an abbreviation of "British exit" that mirrors the term Grexit, refers to the possibility of Britain's withdrawal ...
  5. Underweight

    1. A situation where a portfolio does not hold a sufficient amount of a particular security when compared to the security's ...
  6. Russell 3000 Index

    A market capitalization weighted equity index maintained by the Russell Investment Group that seeks to be a benchmark of ...
Trading Center