Chicago Stock Exchange

USA's biggest stock exchange outside of New York

Serious Information

Trivia

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The Chicago Stock Exchange, located in Chicago, Illinois, is the third most active stock exchange in the US by volume, and the largest outside of New York City. In North America it is 4th largest behind the New York Stock Exchange, NASDAQ, and the Toronto Stock Exchange.

Founded on March 21, 1882, In the late 1880s a first case of dual listing occurs when a newly issued stock is quoted on both Chicago and New York Stock Exchanges. The centre merged with the St. Louis, Cleveland, and Minneapolis/St. Paul Stock Exchanges in 1949 to form the Midwest Stock Exchange. Ten years later, it absorbed the New Orleans Stock Exchange. In 1978 was a Launch of Intermarket Trading System (ITS), a system that allows orders to be sent from one exchange to another to ensure that a customer receives the best execution available. In 1993, the exchange changed its name back to the Chicago Stock Exchange. In 1997 Chicago Stock Exchange began trading SPDRs, and exchanges began trading stock in sixteenths. From 2000 some stocks could be traded using the decimal.

On February 9, 2005, the demutualization plan of the Chicago Stock Exchange ("CHX" or the "Exchange") received approval from the Securities and Exchange Commission ("SEC"). The CHX now operates as a direct and wholly owned subsidiary of CHX Holdings, Inc. ("CHX Holdings"), a Delaware corporation. On the effective date of the demutualization, each member of the Exchange received 1,000 shares of the common stock of CHX Holdings for each membership that the member owned. Under its certificate of incorporation, the authorized capital stock of CHX Holdings consists of 750,000 shares of common stock, $.01 par value per share, and 25,000 shares of preferred stock, par value $.01 per share. 450,000 shares of the authorized CHX Holdings common stock were issued and outstanding immediately following the demutualiz Governance at the Exchange

The Chicago Stock Exchange is dedicated to maintaining corporate governance standards that ensure that the interests of public investors and the Exchange’s members are represented in vital areas of the Exchange’s operations. This careful balancing of interests is an integral part of the Exchange’s structure.

Board of Governors The Exchange’s operations are overseen by a 13-person Board of Directors. The Board consists of: 7 public directors 5 participant directors; and the Exchange’s chief executive officer.

address:

The Chicago Stock Exchange
One Financial Place
440 South LaSalle Street
Chicago, Illinois 60605

Tel: 312-663-2222
E-mail: info@chx.com

http://www.chx.com/ is the website of the stock exchange. gives opening period so one can watch the clock tick tock.

Trivia

(pronounced "seacargo" )

Chicago is the largest city in, Midwestern USA state, Illinois. It has swelled to be the the third most populous city in the USA. Known as "Second City," "Windy City," "City of Big Shoulders," and "Chi-town" (as well as other nicknames, and a variety of colloquial nicknames reflecting the city's character), Chicago is located along the south western shore of Lake Michigan. When combined with its suburbs and nine surrounding counties in Illinois, Wisconsin, and Indiana, the greater metropolitan area known as Chicagoland encompasses a population of almost 10 million people.

A resident of Chicago is referred to as a Chicagoan

The indigenous Potawatomi tribe called the marshes on which Chicago was later built "Checagou," which translates to "wild onion" or "garlic". This name was transferred by European explorers to the Chicago River, and then by settlers to the name. Before Chicago's founding, the name of the river was spelled several ways, such as "Chetagu" or "Shikago".

sport sides: Chicago Cubs & Chicago White Sox (baseball), Chicago Bulls (basketball), Chicago Fire (soccer) Chicago Bears (gridiron)

The options market began in the Chicago area, with grain dealing. Farmers were worried about the price of the grain changing during the time that they were actually growing the crop. As a result they started purchasing options. These fix the price and are in effect a promise to deliver the grain to the purchaser at that price in the future. They used this as a way of hedging their bets and protecting themselves against movements in the markets. Then people started trading these options as if they were marketable objects and the options markets were created.

Links on websites on subject

http://www.ise.ie/index.asp The home page of Irish stock exchange

http://www.nasdaq.com/ The homepage of the stock exchange

http://www.cityequities.com/
http://www.moneyweek.com

government_bond information

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