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Pacific Exchange

Founded in 1882, the Pacific enjoys a long-standing reputation for technological innovation. It was the first exchange in the world to build and operate an electronic trading system. It developed a new, more efficient method of clearing and settling securities trades that has been adopted by exchanges worldwide. It was the first U.S. stock exchange to demutualize, establishing PCX Equities, Inc. as a for-profit, corporate subsidiary of the Pacific Exchange in 1999.
The Pacific Exchange (PCX) is a marketplace where individual and institutional investors same professional broker-dealers and registered member firms meet to buy and sell options on more than 1,200 stocks. It is one of the world's leading derivatives markets.
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