The Chicago Stock Exchange (CHX) is one of the largest stock exchanges in the United States. Located in Chicago, Illinois, the exchange serves as a marketplace for the trading of stocks and options on the NASDAQ and other over-the-counter markets. Established in 1970, CHX marks its 50th anniversary in 2020.
The Chicago Stock Exchange first opened its doors in 1970, becoming the first regional exchange to open since the eighties. Up until that point, only the New York Stock Exchange (NYSE) served as a centralized authority for investment bankers, brokers, and other interested parties. Over the last five decades, the CHX has grown to become one of the most influential exchanges in the United States, trading volumes over 900 million shares per day and representing nearly three percent of the American equity market.
The exchange features a human trading floor and is home to a multitude of unique features, such as group bulks orders, which allow several traders to purchase the same stock at the same time; instant buying and selling, which allow for millisecond adjustments in the market; and fast execution of orders, letting traders build their portfolios without delay. Apart from these activities, the CHX has developed a program to support digital trading, enabling individual investors to make purchases and sales on their own. They are also actively involved in market reforms, working with the United States regulator, the Securities and Exchange Commission (SEC), to make sure their policies meet the highest standards of integrity.
The CHX is a well-known public exchange and its listing companies are among the top-performing companies in the US. It offers investors options to get involved in the stock market and access a wide range of capital to invest. CHX also provides people with a wide range of investment risk and financial education initiatives, such as seminars and workshops, to keep them informed of regulations and laws. It also offers investors specialized market data and analysis that helps them make well-informed investment decisions.
Overall, the Chicago Stock Exchange proves to be a great choice for investors wanting to get involved in the American market. Its offering of trading tools and services, legal protection, and strong liquidity, makes it a premier Nasdaq market for institutions and individuals alike. And with fifty years under its belt, the CHX looks to have many more prosperous years ahead.