The Philadelphia Stock Exchange

The Philadelphia Stock Exchange, created in 1790, was the first U.S. stock exchange. And in 1975, the exchange became the first regional exchange to trade equity options. The PHLX began as a floor-based exchange, trading via an auction market. It has evolved into a hybrid market with the AUTOM--Automated Options Market system which was introduced in 1988. AUTOM, which is still used today, was created to allow electronic delivery of option orders from member firms to the exchange floor, automatic execution of certain orders, and electronic confirmation of orders. The system has been through numerous upgrades and has changed dramatically since 1988, but is still the primary automated execution system used on the floor today. The PHLX no longer has an equities trading floor, which was once adjacent to the options floor. Equities are now traded solely electronically via the exchange. The Philadelphia Stock Exchange will most likely face more changes ahead, once its planned acquisition by Nasdaq is completed. This photo gallery takes a look at the technology and structure of the options floor, which has undergone tremendous change over the years, and will probably endure further changes with the pending acquisition.

Please click on an image to see a larger version,
or view the gallery starting with the first image.

Entering the Philadelphia Stock Exchange
Entering the Philadelphia Stock Exchange
PHLX Floor and Help Desk
PHLX Floor and Help Desk



Specialist Firm Susquehanna
Specialist Firm Susquehanna
Market Makers
Market Makers
Market Makers
Market Makers
Specialist firm Susquehanna
Specialist firm Susquehanna

The Philadelphia Stock Exchange Floor
The Philadelphia Stock Exchange Floor
Specialists and Market Makers
Specialists and Market Makers
Floor brokers and Citadel on the Philadelphia Stock Exchange floor
Floor brokers and Citadel on the Philadelphia Stock Exchange floor
Specialist Workstation
Specialist Workstation

Philadelphia Stock Exchange Options Floor
Philadelphia Stock Exchange Options Floor
Philadelphia Stock Exchange options trading
Philadelphia Stock Exchange options trading
Philadelphia Stock Exchange options trading floor
Philadelphia Stock Exchange options trading floor
Floor Brokerage Wallace Securities
Floor Brokerage Wallace Securities

Wallace Securities
Wallace Securities
Brokerage Management System Being Used by Wallace Securities
Brokerage Management System Being Used by Wallace Securities
Wallace Securities, Floor Broker
Wallace Securities, Floor Broker
Floor Brokerage Management System
Floor Brokerage Management System

Wallace Securities
Wallace Securities
The Philadelphia Stock Exchange Floor
The Philadelphia Stock Exchange Floor
The Philadelphia Stock Exchange Floor
The Philadelphia Stock Exchange Floor
The Philadelphia Stock Exchange Floor
The Philadelphia Stock Exchange Floor

Market makers on the Philadelphia Stock Exchange options floor
Market makers on the Philadelphia Stock Exchange options floor
The Philadelphia Stock Exchange floor
The Philadelphia Stock Exchange floor
The Philadelphia Stock Exchange floor
The Philadelphia Stock Exchange floor
Wireless on The Philadelphia Stock Exchange floor
Wireless on The Philadelphia Stock Exchange floor

Wireless on the Floor
Wireless on the Floor
Wireless
Wireless
Floor Broker Merrill Lynch
Floor Broker Merrill Lynch
Merrill Lynch Screens
Merrill Lynch Screens

The Philadelphia Stock Exchange Help Desk
The Philadelphia Stock Exchange Help Desk
Help Desk
Help Desk
Help Desk
Help Desk
The Philadelphia Stock Exchange floor Help Desk
The Philadelphia Stock Exchange floor Help Desk

The Philadelphia Stock Exchange floor Help Desk
The Philadelphia Stock Exchange floor Help Desk
The Philadelphia Stock Exchange floor Help Desk
The Philadelphia Stock Exchange floor Help Desk
The Philadelphia Stock Exchange floor Help Desk
The Philadelphia Stock Exchange floor Help Desk
Help Desk--Surveillance
Help Desk--Surveillance



View the gallery starting with the first image »

Back to main galleries index page

Popular Articles