Philadelphia Stock Exchange - PHLX

DEFINITION of 'Philadelphia Stock Exchange - PHLX'

The first securities exchange to be formed in the United States. The Philadelphia Stock Exchange (PHLX) was created in 1790, and it trades equity, currency and index options. Their currency options can be either standard or customized.




BREAKING DOWN 'Philadelphia Stock Exchange - PHLX'

In 2008 the Nasdaq bought the PHLX and changed the stock exchange's focus to options. it currently trades in more than 2600 U.S. dollar-settled options, sector index options and equity options. Also, it is currently the third-largest options market in the United States.

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RELATED FAQS
  1. Why do option volume quotes differ on different websites?

    Option quotes are different in price and in volume because identical options can trade on more than one market or exchange. ... Read Answer >>
  2. How can I find out which stocks also trade as options?

    The trading of options has become increasingly popular among retail investors as they become aware of the many different ... Read Answer >>
  3. Is it possible to trade forex options?

    Yes. Options are available for trading in almost every type of investment that trades in a market. Most investors are familiar ... Read Answer >>
  4. Where can I purchase options?

    In the United States, all options contracts go through one of several options exchanges. An investor must have an account ... Read Answer >>
  5. What's the difference between a regular option and an exotic option?

    Before learning about exotic options, you should have a fairly good understanding of regular options. Both types of options ... Read Answer >>
  6. What is index option trading and how does it work?

    Learn about stock index options, including differences between single stock options and index options, and understand different ... Read Answer >>
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