Philadelphia Stock Exchange (PHLX), now known as NASDAQ OMX PHLX, is the oldest stock exchange in the United States, founded in 1790. It is now owned by NASDAQ OMX and located at 1900 Market Street, in Center City Philadelphia.

History

Over its 200 years the exchange has had various titles and has been located in various buildings around Philadelphia.

Founded in 1790 as the “Board of Brokers,” it was located at the Merchants Coffee House, now known as the City Tavern, at the corner of Second and Walnut Streets.

In 1831, Stephen Girard’s Bank had formed the “Philadelphia Merchant’s Exchange Company” to erect a new building to house the Board of Brokers and other groups. The Board of Brokers moved into the Merchants Exchange Building at 3rd and Dock Streets in 1834 following a fire at the Coffee House.

In 1875, the Board of Brokers changed its name to the Philadelphia Stock Exchange.

In 1876, the exchange moved to the rear of the Girard Bank Building, formerly the First Bank of the U.S. It stayed there until 1888.

From 1888 to 1902, the exchange moved to the Drexel Building which was located near Fifth Street and Chestnuts.

Between 1902 and 1912, the PHLX returned to the Merchants Exchange Building.

In 1913, it moved to a building at 1411 Walnut St, now a national landmark.

In 1951, the PHLX moved to the Central Penn Bank Building at 1401 Walnut Street. It stayed there until 1966 when it moved to a building (currently the Sofitel Hotel) at 17th and Sansom.

In December 1968, in response to a fiscal crisis, Philadelphia imposed a $0.05 per share stock transfer tax for all transactions on the PHLX. On January 2, 1969, the PHLX moved its trading floor to an office building, then known as the Decker Building, just across a street from the city boundaries in Bala Cynwyd to avoid the tax. In February, a Court ruled that the tax was illegal, and the PHLX moved its trading floor back to its headquarters in the City.

The Chicago Stock Exchange (CHX) is a stock exchange in Chicago, Illinois, USA. The exchange is a national securities exchange and self-regulated organization, which operates under the oversight of the U.S. Securities and Exchange Commission (SEC). The Chicago Stock Exchange is the third most active stock exchange in the United States by volume, and the largest outside New York City. The Chicago Stock Exchange is currently located at 440 South LaSalle Street (One Financial Place).

History

The Chicago Stock Exchange was founded in a formal meeting on March 21, 1882. At this time, Charles Henrotin was elected the chairman and president. In April that year, a lease was taken out at 115 Dearborn Street for the location of the exchange and during that month 749 memberships were sold.

Operation And Trading.

The CHX operates as a direct and wholly owned subsidiary of CHX Holdings, Inc., a Delaware corporation. Previously, the Exchange had been constituted as a membership organization which a “seat” on the Exchange conferred both a fractional ownership interest as well as the privilege to trade on the floor. The CHX operates a fully electronic Matching System and provides routing to CHX Institutional Brokers and off-Exchange market makers. The CHX Matching System has been designed to provide broker/dealers with cost efficient executions.

Trading on the CHX

Publicly traded companies do not need to be listed on the CHX to be traded here. SEC rules allow the CHX to trade stocks listed on other exchanges. Stocks eligible for trading in the CHX Matching System will include NYSE, AMEX and NASDAQ-listed securities.

The CHX Matching System and CHXConnect are execution and routing services operated by the Chicago Stock Exchange. The Matching System provides fully automated cost efficient executions for a wide array of securities and is designed for the messaging rates of today’s trading environment. CHXConnect provides routing services to order-sending participants to off-Exchange Market Makers or other destinations.

There are two trading sessions each day. The first or regular trading session begins at 8:30 AM and ends at 3 PM (Central Time) except for specified exchange-traded funds, which trade until 3:15 PM. The second session, or late trading session, commences immediately after the close of the regular session and will end at 4 PM. Only cross orders with the exception of mid-point cross orders are eligible for the late trading session.

Matching System.

The Chicago Stock Exchange’s (CHX) Matching System trading platform has been designed and constructed to provide fully electronic cost efficient executions. CHX’s new trading platform will offer US broker/dealers access to a fair, open and neutral market place with diverse order flow from retail brokers, CHX Institutional Brokers, NASD market makers and CHX market makers.

The new platform is scalable, reliable and designed for the messaging rates of today’s equity trading environment. The new CHX Matching System performance characteristics should exceed the requirements for classification as an automated market under Regulation NMS.

Order-sending participants may route to the CHX Matching System by using the FIX and CMS protocols via existing order-sending participant or vendor connections.

Upon receipt of an order, the CHX Order Management System (OMS) will validate and route orders to the appropriate matching engine instance. Several matching instances will each handle processing for a set of issue symbols, which can be reallocated among matching engines to re-grade processing loads.

Once the matching engine receives an order, the order’s price is compared with resting limit orders in the book. If a match can be consummated at a price within the NBBO then the orders will be executed.

If the execution would occur at a price outside the NBBO then no execution will occur and the inbound order will be rejected. If no match is available, then an inbound order will be placed in the book and immediately quoted. If the order’s price would lock or cross the NBBO then the order will be rejected.

Orders resting in the book will be matched in price – time priority and according to the ranking. The Matching System matches orders on a share for share basis and inbound odd lot orders can match at prices outside the NBBO.

CHXConnect

As part of the Exchange’s new trading model, CHX operates a neutral communications service, the CHXConnect, that allows its participants to route orders to any connected destination. This service allows participants to route orders to market makers or other broker-dealers connected to CHXConnect, which provide order handling and execution services in the over-the-counter market; and to other destinations (including order-routing vendors) that are connected. Participants also use CHXConnect to route orders to the Exchange’s Matching System and to its institutional brokers.

Nominating & Governance Committee.

The directors are elected by the Exchange’s sole shareholder, CHX Holdings, Inc. Each year, the exchange’s nominating committee initially identifies candidates for the open STP participant director positions on the board; the exchange’s participants can add names to that list by petition. If names are added to the slate, the exchange’s participants vote on the candidates. The persons receiving the highest number of votes will be elected as STP participant directors on the Board. Public directors and other participant directors are nominated by the nominating committee, but are not subject to the petition process described above. The exchange’s board members receive relatively modest compensation for their service.

The exchange’s nominating committee is equally balanced between public and participant representatives. Four people serve on the committee – two public directors and two participant directors. Each of the participant directors must be an STP participant director and one of these participant directors must not be a representative of a firm that holds Series A Preferred Stock in CHX Holdings, the exchange’s parent company. The committee is appointed each year by the exchange’s board of directors. The nominating committee nominates candidates to positions on the board of directors and addresses issues associated with the governance of the exchange. The nominating committee typically begins its work early in the year. Under the exchange’s bylaws, the committee must hold at least two open meetings to allow exchange participants to recommend potential candidates for STP participant director positions. The committee also consults with both the exchange’s chairman and CEO about the needs of the exchange and typically solicits recommendations from other board members. Once the nominating committee has held its open meetings, it deliberates in closed sessions. The slate must be approved by a majority vote. Each year, the nominating committee initially identifies candidates for the open STP participant director positions on the board; the exchange’s participants can add names to that list by petition. If names are added to the slate, the exchange’s participants vote on the candidates. The persons receiving the highest number of votes will be elected as STP participant directors on the board. Public directors and other participant directors are nominated by the nominating committee, but are not subject to the petition process described above.

The Boston Stock Exchange (now NASDAQ OMX BX) is a regional stock exchange located in Boston, Massachusetts. The third-oldest stock exchange in the United States, it was founded in 1834. On October 2, 2007, Nasdaq agreed to acquire BSE for $61 million.

Hours

The exchange’s normal trading sessions are from 08:00am to 07:00pm on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.

NASDAQ OMX has Acquired the Boston Stock Exchange

NASDAQ OMX has acquired all of the outstanding membership interests in the Boston Stock Exchange (BSE). With the acquisition, NASDAQ has obtained a second equities trading license allowing for a separate Regulation NMS protected quote, which will be called NASDAQ OMX BX (BX). NASDAQ OMX also has acquired two BSE wholly-owned subsidiaries, Boston Options Regulation, LLC (BOXR) and the BSE Clearing Corporation (BSECC).

NASDAQ OMX has not acquired an interest in BSE’s options trading facility, the Boston Options Exchange (BOX). Instead, BSE’s ownership interest in Boston Options Exchange Group, LLC, the operator of BOX, has been transferred to MX US 2, a wholly-owned subsidiary of the Montreal Exchange Inc. However, BX, through BOXR, will operate as the regulatory services provider to BOX.

Official Site:http://www.nasdaqtrader.com

Stock Trade Screen Live Update.

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The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. “NASDAQ” originally stood for “National Association of Securities Dealers Automated Quotations,” but the exchange’s official stance is that the acronym is obsolete. It is the largest electronic screen-based equity securities trading market in the United States and fourth largest by market capitalization in the world. With 2906 ticker symbols, it has more trading volume than any other stock exchange in the world.

History.

It was founded in 1971 by the National Association of Securities Dealers (NASD), who divested themselves of it in a series of sales in 2000 and 2001. It is owned and operated by the NASDAQ OMX Group, the stock of which was listed on its own stock exchange beginning July 2, 2002, under the ticker symbol NASDAQ: NDAQ. It is regulated by FINRA.

With the completed purchase of the Nordic-based operated exchange OMX, following its agreement with Borse Dubai, NASDAQ is poised to capture 67% of the controlling stake in the aforementioned exchange, thereby inching ever closer to taking over the company and creating a trans-atlantic powerhouse. The group, now known as Nasdaq-OMX, controls and operates the NASDAQ stock exchange in New York City – the second largest exchange in the United States. It also operates eight stock exchanges in Europe and holds one-third of the Dubai Stock Exchange. It has a double-listing agreement with OMX, and will compete with NYSE Euronext group in attracting new listings.

When the NASDAQ stock exchange began trading on February 8, 1971, the NASDAQ was the world’s first electronic stock market. At first, it was merely a computer bulletin board system and did not actually connect buyers and sellers. The NASDAQ helped lower the spread (the difference between the bid price and the ask price of the stock) but somewhat paradoxically was unpopular among brokerages because they made much of their money on the spread.

Quote availability.

NASDAQ quotes are available at three levels:

Level 1 shows the highest bid and lowest offer — the inside quote.
Level 2 shows all public quotes of market makers together with information of market dealers wishing to sell or buy stock and recently executed orders.
Level 3 is used by the market makers and allows them to enter their quotes and execute orders.

Trading schedule.

NASDAQ has a pre-market session from 7:00am to 9:30am, a normal trading session from 9:30am to 4:00pm and a post-market session from 4:00pm to 8:00pm (all times in ET).

Tata Motors Ltd (NSE: TATAMOTORS, BSE: 500570, NYSE: TTM) is a multinational corporation headquartered in Mumbai, India. Part of the Tata Group, it was formerly known as TELCO (TATA Engineering and Locomotive Company).

Tata Motors is India’s largest automobile company, with consolidated revenues of USD 20 billion in 2009-10. It is the leader in commercial vehicles and among the top three in passenger vehicles. Tata Motors has winning products in the compact, midsize car and utility vehicle segments. The company is the world’s fourth largest truck manufacturer, the world’s second largest bus manufacturer, and employs 24,000 workers. Since first rolled out in 1954, Tata Motors has produced and sold over 4 million vehicles in India.

Established in 1945, when the company began manufacturing locomotives, the company manufactured its first commercial vehicle in 1954 in a collaboration with Daimler-Benz AG, which ended in 1969. Tata Motors is a dual-listed company traded on both the Bombay Stock Exchange, as well as on the New York Stock Exchange. Tata Motors in 2005, was ranked among the top 10 corporations in India with an annual revenue exceeding INR 320 billion. In 2010, Tata Motors surpassed Reliance to win the coveted title of ‘India’s most valuable brand’ in a annual survey conducted by Brand Finance and The Economic Times.

Tata Motors has auto manufacturing and assembly plants in Jamshedpur, Pantnagar, Lucknow, Ahmedabad, Sanand and Pune in India, as well as in Argentina, South Africa and Thailand.

Acquisitions

• In 2004 Tata Motors acquired Daewoo’s truck manufacturing unit, now known as Tata Daewoo Commercial Vehicle, in South Korea.
• In 2005, Tata Motors acquired 21% of Aragonese Hispano Carrocera giving it controlling rights of the company.
• In 2007, Formed a joint venture with Marcopolo of Brazil and introduced low-floor buses in the Indian Market.
• In 2008, Tata Motors acquired British Jaguar Land Rover (JLR), which includes the Daimler and Lanchester brand names. 
• In 2010, Tata Motors acquired 80% stake in Italy-based design and engineering company Trilix for a consideration of €1.85 million. The acquisition is in line with the company’s objective to enhance its styling/design capabilities to global standards.

Singapore Exchange Limited SGX: S68 (SGX) is an investment holding company located in Singapore and providing different services related to securities and derivatives trading and others. SGX is a member of the World Federation of Exchanges and the Asian and Oceanian Stock Exchanges Federation.

Structure.

SGX operates several different divisions, each responsible for handling specific businesses.

* SGX ETS (Electronic Trading System): provides global trading access to SGX markets where 80 percent of the customers are from outside Singapore.
* SGX DT (Derivatives Trading): provides derivatives trading.
* SGX AsiaClear: offers clearing services for over-the-counter (OTC) oil swaps and forward freight agreements.
* SGX Reach: an electronic trading platform.
* Central Depository Pte Ltd: subsidiary responsible for securities clearing, settlement and depository services.

Coal India IPO shares got listed in the markets today. Coal India has made a debut at a price of Rs 308 against the offer price of Rs 245/share and also a discount of 5% to the retail investors. Currently the shares of Coal India are trading at Rs 319 at a gain of almost 28% over the offer price.

Investors looking for cashing out can exit a part of their allotment in Coal India and hold a part of it further gains during the day or in the coming days. Analyst had already expected Coal India IPO to list at about Rs 280 – 300 levels which is almost close to the debut price in the market today.

The world’s largest coal producer today listed on the bourses with a handsome premium and zoomed over 32 per cent, over its IPO issue price of Rs 245 per share, to hit a high of Rs 324.75 in the first hour of trade on the Bombay Stock Exchange.

The total m-cap of Coal India was at Rs 2,03,860 crore in the first hour of session.
Partha S. Bhattacharyya, Chairman & MD, Coal India Limited says, “Many records have been broken and many peaks have been scaled. For the officials intensely involved in the process, the feeling largely resembles to that of a mother who has just given birth to a child. Indeed it is a moment of birth in the capital market that brings in huge responsibility on the management to rear the newborn baby into a strong and mature turnout by living upto the expectations of the investing community consistently.”

Coal India has raised around Rs.15,000 crores from the market with its IPO. Coal India market cap went up to Rs. 2.13 lac crore with the premium listing of its share on BSE. It crossed Rs. 3.10 crore trading volume in the starting hours of trading.

From the latest information , Coal India shares were trading at Rs 280 in the grey market previous to its listing today in the stock markets.A lot of buying activity has been happening currently in the Coal India Shares as of now. Please keep checking the place for more updates on Coal India IPO listing share price.

Coal India Ltd. (COAL IN): The world’s biggest producer of the fuel will make its stock market debut today. It raised the maximum 152 billion rupees ($3.4 billion) sought for the government after investors ordered 15 times the stock available in the nation’s biggest initial public offering. The government sold 631.6 million shares in Kolkata-based Coal India at 245 rupees apiece. The stock was initiated at “outperform” at Macquarie Group Ltd. with a share-price estimate of 338 rupees, according to a report by Rakesh Arora and Samidha Gehlot.

The New York Stock Exchange (NYSE) is a stock exchange located at 11 Wall Street in lower Manhattan, New York City, USA. It is the world’s largest stock exchange by market capitalization of its listed companies at US$11.92 trillion as of Aug 2010. Average daily trading value was approximately US$153 billion in 2008.

The NYSE is operated by NYSE Euronext, which was formed by the NYSE’s 2007 merger with the fully electronic stock exchange Euronext. The NYSE trading floor is located at 11 Wall Street and is composed of four rooms used for the facilitation of trading. A fifth trading room, located at 30 Broad Street, was closed in February 2007. The main building, located at 18 Broad Street, between the corners of Wall Street and Exchange Place, was designated a National Historic Landmark in 1978, as was the 11 Wall Street building.

Notable Events

See also: Black Monday (1987), Friday the 13th mini-crash, and October 27, 1997 mini-crash

The exchange was closed shortly after the beginning of World War I (July 31, 1914), but it partially re-opened on November 28 of that year in order to help the war effort by trading bonds, and completely reopened for stock trading in mid-December.

On September 16, 1920, a bomb exploded on Wall Street outside the NYSE building, killing 33 people and injuring more than 400. The perpetrators were never found. The NYSE building and some buildings nearby, such as the JP Morgan building, still have marks on their facades caused by the bombing.

The Black Thursday crash of the Exchange on October 24, 1929, and the sell-off panic which started on Black Tuesday, October 29, are often blamed for precipitating the Great Depression of 1929. In an effort to try to restore investor confidence, the Exchange unveiled a fifteen-point program aimed to upgrade protection for the investing public on October 31, 1938.

On October 1, 1934, the exchange was registered as a national securities exchange with the U.S. Securities and Exchange Commission, with a president and a thirty-three member board. On February 18, 1971 the non-profit corporation was formed, and the number of board members was reduced to twenty-five.

Trading

The New York Stock Exchange (sometimes referred to as “the Big Board”) provides a means for buyers and sellers to trade shares of stock in companies registered for public trading. The NYSE is open for trading Monday through Friday between 9:30am – 4:00pm ET, with the exception of holidays declared by the Exchange in advance.

On the trading floor, the NYSE trades in a continuous auction format, where traders can execute stock transactions on behalf of investors. They will gather around the appropriate post where a specialist broker, who is employed by an NYSE member firm (that is, he/she is not an employee of the New York Stock Exchange), acts as an auctioneer in an open outcry auction market environment to bring buyers and sellers together and to manage the actual auction. They do on occasion (approximately 10% of the time) facilitate the trades by committing their own capital and as a matter of course disseminate information to the crowd that helps to bring buyers and sellers together. The auction process moved toward automation in 1995 through the use of wireless hand held computers (HHC). The system enabled traders to receive and execute orders electronically via wireless transmission. On September 25, 1995, NYSE member Michael Einersen, who designed and developed this system, executed 1000 shares of IBM through this HHC ending a 203 year process of paper transactions and ushering in an era of automated trading.

NYSE Composite Index

In the mid-1960s, the NYSE Composite Index (NYSE: NYA) was created, with a base value of 50 points equal to the 1965 yearly close. This was done to reflect the value of all stocks trading at the exchange instead of just the 30 stocks included in the Dow Jones Industrial Average. To raise the profile of the composite index, in 2003 the NYSE set its new base value of 5,000 points equal to the 2002 yearly close.

Timeline

The NYSE at Christmas time (December 2008)

In 1792, The NYSE acquires its first traded securities . In 1817, The constitution of the New York Stock and Exchange Board is adopted. In 1867, The First Stock Ticker. In 1896, Dow Jones Industrial Average first published in The Wall Street Journal. In 1903, NYSE moves into new quarters at 18 Broad Street. In 1906, Dow exceeds 100 on January 12. In 1907, Panic of 1907. In 1914, World War I causes the longest exchange shutdown: four months, two weeks; re-opening December 12 brings the largest one-day percentage drop in the DJIA (24.4%). In 1915, Market price is given in dollars. In 1929, Central quote system established; Black Thursday, October 24 and Black Tuesday, October 29 signal the end of the Roaring Twenties bull market. In 1943, Trading floor is opened to women. In 1949, Longest (eight-year) bull market begins.

Islamabad stock exchange (ISE) was incorporated as a guarantee limited company on 25 October 1989 in Islamabad capital territory with the main object of setting up of a trading and settlement infrastructure, information system, skilled resources, accessibility and a fair and orderly market place that ranks with the best in the world.

It was licensed as a stock exchange on 7 January 1992. For the first time, it started trading in July 1992.Trading System of Islamabad Stock Exchange (ISE)

Initially an outcry method of trading (a method of trading that uses verbal bids and offers in the trading pits) in shares was adopted which was replaced with the automated trading system (a computerized system for matching orders in securities) commonly called “ISE-CTS” in 1997. In the year 2002, ISECTS gave way to “ULTRA TRADE” trading system which is not only very efficient but also has extended trading capacity, internet trading functionality.

Members / Brokers of Islamabad Stock Exchange (ISE)

Currently Islamabad Stock Exchange has 120 members against 200 as allowed to the exchange, in terms of Article 3(a) of Articles of Association. Of 120 members, 26 are individual and 94 are corporate members.

Listed Companies of Islamabad Stock Exchange (ISE)

There are 261 companies listed in Islamabad Stock Exchange at the moment. However, number of listed companies varies from time to time due to delisting, mergers and default of companies.

ISE Towers (Islamabad Stock Exchange Towers) – Islamabad, Pakistan.

ISE intended to construct a high-rise structure in order to cope with the up-coming demands of stock exchange business. For this purpose, ISE build new building which is properly designed using latest techniques to with stand against any natural disasters. The salient features of this building are as under:

ISE tower is 22 storey building located at (plot no 3035) Jinnah Avenue Blue Area Islamabad which makes it the second highest tower of Islamabad after construction of Telecom Towers. Area covered by the building is 562,629 sq.ft, it consists of three levels of basements and ground plus 18 floors above. Basements have capacity to accommodate three hundred cars at a time; also it has a plant room for latest HVAC system requirements. Ground floor is allocated for meeting the requirements of banks. Each floor is provided with (6 No) passenger lifts, accompanied by one cargo lift and three stair halls. The central cooling and heating system is provided in the building and it is also equipped with latest communication and electrical systems. For a safe working environment, properly designed fire fighting system is provided along with the emergency fire exists. It is also the first building in Islamabad to have an LCD screen attached on it.

ISE Towers are designed by NESPAK Pvt. Ltd. and the contractors were Habib Rafiq Pvt. Ltd. The construction started in early 2006 and the Towers were completed in April 2009. It was inaugurated by Prime Minister Syed Yousuf Raza Gilani on 31 July 2009.

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