The evolution of the Philadelphia Stock Exchange: 1964-2002

John Caskey

No 03-21, Working Papers from Federal Reserve Bank of Philadelphia

Abstract: This paper analyzes the evolution of the Philadelphia Stock Exchange (PHLX), America's oldest stock exchange, from 1964 through 2002. The paper seeks to explain how the PHLX managed to attract a sufficient volume of trading orders to support its members and cover its operating costs during this period, and how it adapted to survive in an era with profound changes in the structure of securities markets.

Keywords: Stock; exchanges (search for similar items in EconPapers)
Date: 2003
New Economics Papers: this item is included in nep-his
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