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. How can I identify stocks that also trade as options?

    The easiest way to find out which stocks also trade as options is to visit exchange websites. Read Answer >>
  2. 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 >>
  3. 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 >>
  4. Does the seller (the writer) of an option determine the details of the option contract?

    The quick answer is yes and no. It all depends on where the option is traded. An option contract is an agreement between ... Read Answer >>
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