Philadelphia Stock Exchange - PHLX

Philadelphia: home of Paddy’s Pub, Philly Cheesesteaks, Rocky, and the Philadelphia Stock Exchange. Oh, and we think the Constitution may have been signed there or something.

The Philadelphia Stock Exchange (PHLX) was formed in 1790, less than two decades after John Hancock took up all the signing space on America’s birth certificate, the Declaration of Independence. Yep, that’s old (for America).

PHLX was the first official U.S. securities exchange, and the first in the U.S. to make the move to electronic trading in the 1970s with the Philadelphia Automated Communication and Execution system, PACE. Can’t you hear the hawk-call of the American eagle now? We sure can.

The PHLX is still around today, doing better than ever. Equity? It’s at the PHLX. Currencies? Yep. Index options? Of course. PHLX is known for its library of sector indexes: the Philly Bank Index, Mortgage Finance Index, Gold/Silver Index, Europe Index...all the indices. Stocks? Pshhh...they dabble, but that was more of a main play back in the day.