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Topic: Philadelphia Stock Exchange


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In the News (Tue 1 Dec 09)

  
  Philadelphia Stock Exchange, Inc.: Release No. 34-48736; October 31, 2003 (Notice of Filing and Order Granting ...
Stock option plans or other equity compensation arrangements can also assist in the recruitment and retention of employees, which is especially critical to young, growing companies, or companies with insufficient cash resources to attract and retain highly qualified employees.
If the stock is not in the control or possession of the member organization, satisfactory proof of the beneficial ownership as of the record date may be required.
In addition, the Exchange proposes to limit its exception for inducement grants to new employees or to previous employees being rehired after a bona fide period of interruption of employment, and to new employees in connection with an acquisition or merger.
www.sec.gov /rules/sro/34-48736.htm   (5856 words)

  
 Philadelphia Stock Exchange - Wikipedia, the free encyclopedia
The Philadelphia Stock Exchange (PHLX) is the oldest stock exchange in the United States.
It merged with the Baltimore Stock Exchange in 1949 and the Washington Stock Exchange in 1954.
In 2005, a number of large financial firms purchased stakes in the Exchange as a hedge against growing consolidation of stock trading by the New York Stock Exchange and Nasdaq.
en.wikipedia.org /wiki/Philadelphia_Stock_Exchange   (263 words)

  
 SignOnSanDiego.com > News > Business -- SEC: Philadelphia Stock Exchange lax in enforcement
PHILADELPHIA – The Philadelphia Stock Exchange fails to adequately enforce trading rules or discipline errant members, inspectors from the Securities and Exchange Commission charged after a recent review.
But in a memo to Philadelphia exchange members last week, he described the local inspections as part of a broader investigation.
The SEC, which began looking at compliance problems last year at the New York Stock Exchange, is expected by industry observers to expand the probe to regional and options exchanges.
www.signonsandiego.com /news/business/20040308-0720-stockexchangelapses.html   (427 words)

  
 Philadelphia’s Stock Exchange Was the First Securities Exchange   (Site not responding. Last check: 2007-10-19)
Philadelphia has its own stock exchange, is home to some of America’s largest businesses, and is considered one of the top states in the field of Law.
Philadelphia is part of the financial fabric of the United States economy like none other and it brings its own blend of business, trade, and education to the economic mix.
It was founded in 1790 and merged with the Baltimore Stock Exchange in 1949 and the Washington Stock Exchange in 1953.
www.usmoneycenters.com /financial-centers-philadelphia.shtml   (352 words)

  
 Philadelphia Inquirer | 06/08/2006 | Philadelphia Stock Exchange negotiating for technology hub at Navy Yard   (Site not responding. Last check: 2007-10-19)
The Philadelphia Stock Exchange said today that it was negotiating for a $25 million to $30 million technology hub at the Navy Yard on land that would entitle it to substantial tax savings.
The exchange said it expected to retain its offices at 19th and Market Streets, but could shift up to 60 information-technology employees, or 15 percent of its workforce of 395, to the new, 25,000-square-foot building.
John Grady, senior vice president at the Philadelphia Industrial Development Corp., the quasi-public agency responsible for converting the former Naval Base into civilian use, said: "It's important for PIDC and the city to retain the stock exchange in Philadelphia, and to allow it to grow and thrive here.
www.philly.com /mld/philly/news/local/14773329.htm   (495 words)

  
 The Philadelphia Stock Exchange is the oldest stock exchange in the United States. Located in Philadelphia, Pennsylvania   (Site not responding. Last check: 2007-10-19)
The Philadelphia Stock Exchange is the oldest stock exchange in the United States.
Philadelphia Stock Exchange is the second US exchange to sign up to HyperFeed's MEPS technology in the last six months - in June last year the Chicago Board Options Exchange (CBOE) chose HyperFeed to provide market data for auto quoting in its Hybrid Trading System.
RSA Security Inc. and thePhiladelphia Stock Exchange (PHLX) today announced that PHLX has deployed the RSA SecurID two-factor authentication solution and the Netilla Security Platform SSL VPN product to help maximize the productivity, effectiveness and convenience of key employees when they are working from home or on the road.
www.stockexchangefaq.com /philadelphia.htm   (1387 words)

  
 Head Trader Alert #1998-28 - Philadelphia Stock Exchange to Join NASD/AMEX Global "Market of Markets"   (Site not responding. Last check: 2007-10-19)
The PHLX, the first stock exchange in North America, is a marketplace for the trading of stocks, equity options, index options and currency options and has a proud tradition as a market leader in the development and introduction of innovative new products and services.
John F. Wallace, Acting Chairman of the Philadelphia Stock Exchange, said, "As the nations’ fastest growing options exchange, we are excited at the prospect of joining with the NASD/AMEX alliance as a charter member.
The American Stock Exchange is the only primary marketplace in the United States for both equities and derivative securities.
www.nasdaqtrader.com /Trader/1998/headtraderalerts/hta1998-28.stm   (824 words)

  
 Customer Success Stories: Philadelphia Stock Exchange   (Site not responding. Last check: 2007-10-19)
The Philadelphia Stock Exchange (PHLX) was founded in 1790 as the first organized stock exchange in the United States.
The Philadelphia Stock Exchange chose the Sun Solaris operating environment for its leadership in high-performance, client/server technology.
From its founding, the Philadelphia Stock Exchange was ahead of its time, and gained an advantage by using the latest technologies.
sun.com /smi/Success/IndustrySpecific/Finance/phil-stk-exchange.html   (1216 words)

  
 6abc.com: Development Plans for Philadelphia Stock Exchange
PHILADELPHIA (AP) - June 9, 2006 - - The Philadelphia Stock Exchange says it hopes to build a new $25 million to $30 million computing center at the old Navy Yard.
Exchange officials say they plan to keep their downtown offices but could shift 60 positions - 15 percent of the work force of 395 - to a new building on land next to the Navy Corporate Center.
John Grady of the Philadelphia Industrial Development Corp., which is responsible for converting the former base to civilian use, said it was important "to retain the stock exchange in Philadelphia, and to allow it to grow and thrive here."
abclocal.go.com /wpvi/story?section=business&id=4253214&ft=lg   (295 words)

  
 Customer Success Stories: Philadelphia Stock Exchange
The Philadelphia Stock Exchange (PHLX) was founded in 1790 as the first organized stock exchange in the United States.
The Philadelphia Stock Exchange chose the Sun Solaris operating environment for its leadership in high-performance, client/server technology.
From its founding, the Philadelphia Stock Exchange was ahead of its time, and gained an advantage by using the latest technologies.
www.sun.com /smi/Success/IndustrySpecific/Finance/phil-stk-exchange.html   (1194 words)

  
 Philadelphia Exchange
And for stock exchanges in the United States and the investors who use them, one of the biggest changes will be the so-called order protection rule, which will require that stock orders be sent to the market center with the best posted price — provided that order can be automatically executed.
That means if the Philadelphia exchange, which is the fourth largest options exchange in the U.S., has the best posted bid or offer for a stock and it can execute orders automatically, orders will go there before anywhere else.
But then in June, the Philadelphia exchange announced that Merrill and Citadel had invested $7.5 million each for 10% equity stakes, with performance warrants that will allow them to increase their ownership.
www.rblt.com /press/PhiladelphiaExchange.html   (1120 words)

  
 TheStreet.com: Philadelphia Stock Exchange Settles Antitrust Lawsuit
In addition to the exchanges, the suit also names as defendants a host of major option market makers, which some in the industry say are the big targets of the action.
Last week, the Pacific Exchange agreed to settle the class-action suit for $4.5 million, says Dale Carlson, vice president of corporate affairs at the exchange, adding that $1 million had already been paid with the balance to be paid out over the next year or two.
The exchanges named along with the Philadelphia exchange and the Pacific Exchange are the Chicago Board Options Exchange, the American Stock Exchange and the New York Stock Exchange.
www.thestreet.com /stocks/optionsbuzz/942606.html   (407 words)

  
 Philadelphia Stock Exchange Hosts Smeal College For Ceremonial Pennsylvania Bell Ringing — Penn State Smeal ...
Trading on the floor of the Philadelphia Stock Exchange came to a close when Dean Judy Olian rang a commemorative locomotive bell from the Pennsylvania Railroad.
UNIVERSITY PARK, PA (May 14, 2004) – Trading on the floor of the Philadelphia Stock Exchange was brought to a close on Thursday, May 13, when Judy Olian, dean of Penn State’s Smeal College of Business, rang a commemorative locomotive bell from the Pennsylvania Railroad.
The Philadelphia Stock Exchange was founded in 1790 as the first stock exchange in America.
www.smeal.psu.edu /news/releases/may04/railroad.html   (621 words)

  
 Resources >> Press Room   (Site not responding. Last check: 2007-10-19)
In addition, through storage management automation, the Philadelphia Stock Exchange was able to increase storage utilization from 50 percent to 75 percent.
At the Philadelphia Stock Exchange (PHLX), the first stock exchange established in the U.S., losing important data can be — quite literally — a federal offense.
At the same time, the exchange is now able to recall the data within 15 to 30 minutes for producing nightly and ad hoc reports.
www.veritas.com /news/successstories/listing/SuccessStoryDetails.jhtml;vrtsid=2MV5Y0B5YKWTHQFIYBSSFEQ?successStoryId=61945&_requestid=48194   (1049 words)

  
 PHILADELPHIA STOCK EXCHANGE v CARAPICO - Legal Case Documents   (Site not responding. Last check: 2007-10-19)
In the autumn of 1998, the Exchange negotia-ting the terms of a potential transaction with the American Stock Exchange and the National Association of Securities Dealers that contemplated the transfer of Exchange's assets to certain subsidiaries of the AMEX/NASD.
It is true that in the autumn of 1998 the Exchange was negotiating terms of a transaction with the American Stock Exchange and National Association of Securities Dealers.
It is not true that I lead a faction of members opposed to that proposed transaction; however, I was one of.
www.legalcasedocs.com /120/241/026.html   (749 words)

  
 Nightly Business Report . Philadelphia Stock Exchange Goes Electronic | PBS
The NBR stock ticker box requires the Macromedia Flash Player.
The Philadelphia Stock Exchange is preparing to go "all-electronic." Its chairman and CEO, Sandy Frucher said today the exchange's options trading floor will close within two years.
As one of North America's primary marketplaces for the trading of stocks, equity options, index options and currency options, the PHLX continues to be a leader in the development and introduction of innovative new products and services.
www.pbs.org /nbr/site/research/learnmore/060509_philly   (148 words)

  
 Stock exchange gets options - Philadelphia Business Journal:
After receiving final approval from the Securities and Exchange Commission to demutualize and form a shareholder-owned corporation, the PHLX is poised for growth that could benefit the local economy.
Frucher wouldn't commit to any job growth numbers, but the exchange, he said, directly and indirectly supports "a couple of thousand" jobs in the region along with its employees and the hundreds of traders who work at the exchange.
The PHLX is the oldest stock exchange in the United States and, as a regional exchange, trades in more than 2,000 stocks.
philadelphia.bizjournals.com /philadelphia/stories/2004/02/02/story5.html   (719 words)

  
 SEC: Philadelphia Stock Exchange lax in enforcement (phillyBurbs.com) | Pennsylvania News
SEC: Philadelphia Stock Exchange lax in enforcement (phillyBurbs.com)
PHILADELPHIA - The Philadelphia Stock Exchange fails to adequately enforce trading rules or displine errant members, inspectors from the Securities and Exchange Commission charged after a recent review.
The SEC investigators, who issued three reports, also alleged that the exchange did not enforce rules meant to make sure that investors got the best price on securities trades.
www.phillyburbs.com /pb-dyn/news/103-03082004-260380.html   (446 words)

  
 Philadelphia Stock Exchange.   (Site not responding. Last check: 2007-10-19)
The exercise of an option by someone who is "long" results either in a cash settlement lenco lacquer or in the purchaser acquiring the underlying interest..Ability to toggle between futures chevron apps and options trading screens..
Writing Covered Calls is a conservative strategy where you buy a stock that you would like to invest in and then write crazy whist a call option against that stock..
Just like a stock, an option can be trading oex options effected by how many people are buying or selling at any one time..
2c5d0aafe0.501megs.com /math-agrees.html   (4607 words)

  
 JJ WHITE: Case History : The Philadelphia Stock Exchange
The Philadelphia Stock Exchange continues to expand its capabilities, but this expansion was not planned for in the original building design.
JJ White created a specialized, comprehensive work plan at the Exchange to ensure minimal disruption to the work at the Exchange.
The specialized work plan for the Philadelphia Stock Exchange allowed a true upgrade without interference to the Exchange’s work schedule.
www.jjwhiteinc.com /html/cases/ch_philly_stockexchange.html   (392 words)

  
 Revenge Of The Traders - Forbes.com   (Site not responding. Last check: 2007-10-19)
The seemingly innocuous investment in a regional stock exchange possibly has a big ulterior motive: Merrill (nyse: MER - news - people) can redirect its order flow to Philly away from the New York Stock Exchange.
Merrill's maneuver with the Philadelphia Exchange sends a message to Goldman "that theoretically they could send all their order flow to Philly," says Josh Galper, a partner at Tabb Group, which specializes in consulting on markets matters.
Philadelphia trades 2,000 stocks and is well known for its options capabilities, an attractive market segment to a number of bulge bracket firms like Merrill.
www.forbes.com /work/management/2005/06/17/merrill-philadelphia-exchange-revenge-cx_lm_0617philx.html   (931 words)

  
 Philadelphia Stock Exchange — American Executive Spotlight   (Site not responding. Last check: 2007-10-19)
There was talk of merging the organization into the American Stock Exchange, and that’s when Frucher was handed the job.
He was placed in Philadelphia by the SEC for the purpose of merging the regional stock exchange and did not give up his New York residency, since he believed the job was temporary.
Frucher said many of the exchanges are counting their assets and strategizing on how to attract the best alliances.
www.redcoatpublishing.com /spotlights/sl_06_05_PSE.asp   (767 words)

  
 Federal Register: April 2, 1997  Petition of the Philadelphia Stock Exchange, Inc. for Exemptive
Proposed PHLX-HKFE Linkage Incorporated in 1976, HKFE is licensed as an exchange company by the Governor in Council of Hong Kong and is governed by a board of directors consisting of both HKFE members and non-members from the Hong Kong financial and business community.
That the Linkage is implemented pursuant to rules of PHLX and OCC approved by the SEC pursuant to section 19(b) of the Securities Exchange Act of 1934 (the ``Exchange Act''), 15 U.S.C. 78s; 4.
That all risk assessment information pertinent to the Linkage provided to the SEC by broker-dealers participating in the Linkage (and that is not otherwise available to the CFTC pursuant to its risk assessment rules) is made available to the Commission by the SEC and/or PHLX upon request and as otherwise appropriate; and 7.
www.cftc.gov /foia/fedreg97/foi970402a.htm   (3577 words)

  
 NASDAQ and The Philadelphia Stock Exchange Partner to Offer Options on The NASDAQ Composite Index(R) : ArriveNet Press ...   (Site not responding. Last check: 2007-10-19)
NEW YORK, NY and PHILADELPHIA, PA -- (Market Wire - Sep 04, 2003) -- The Nasdaq Stock Market, Inc. ("NASDAQ®") and the Philadelphia Stock Exchange (PHLX) today announced that options on the NASDAQ Composite Index® will be listed and traded on PHLX, subject to approval by the Securities and Exchange Commission.
The NASDAQ Composite Index (NASDAQ: IXIC) is a market capitalization-weighted index of all the common stocks listed on NASDAQ and is the broadest, most well diversified real-time representation of the performance of NASDAQ-listed companies.
The Philadelphia Stock Exchange was founded in 1790.
press.arrivenet.com /business/article.php/337959.html   (573 words)

  
 Philadelphia Stock Exchange Currency Options - and more   (Site not responding. Last check: 2007-10-19)
Philadelphia Stock Exchange Currency Options experts opinion, latest information, resources and related topics...
Philadelphia Stock Exchange Currency Options - By sabyasachi mitra london, aug 30 (reuters) - the dollar held on to its gains and touched a three-week high versus the yen on tuesday ahead of key u.s.
Philadelphia Stock Exchange Currency Options - By nick olivari new york, sept 2 (reuters) - the dollar recovered some of its losses against major currencies on friday, after a softer-than-expected u.s.
www.forex617.com /Philadelphia-Stock-Exchange-Currency-Options.html   (275 words)

  
 SEC, Philadelphia Stock Exchange settle - Philadelphia Business Journal:
The Securities and Exchange Commission said Thursday it has settled its case against Philadelphia Stock Exchange Inc. over the alleged failure to make sure specialists followed trading and order-handling rules.
The exchange allegedly failed to supervise and enforce violations from about April 1999 through January 2002, the SEC said.
The exchange said its members will now use a third party to audit its policies and procedures to ensure compliance and to detect and deter violations of its rules and the federal securities laws.
www.bizjournals.com /philadelphia/stories/2006/05/29/daily28.html?surround=lfn   (548 words)

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