Pacific Stock Exchange

south pacific stock exchange

The Pacific Stock Exchange was set up in 1882 as the San Francisco Stock and Bond Exchange, just 7 years before the Los Angeles Oil Exchange being set up. In 1957 the 2 exchanges combined to form the Pacific Coast Stock Exchange. trading floors were maintained in both towns. A name change to the Pacific Stock Exchange happened in 1973. Options dealing started 3 years after. In 1997 the word “Stock” was dropped from the Pacific Stock Exchange name.

By 1999 approximately 5 p.c of the 17.5 million shares traded daily on the exchange concerned private contact between a customer and seller on the exchange floor as markets became significantly more electronic in nature.

Pacific Stock Exchange shares trading now occurs solely thru NYSE Arca ( previously known as ArcaEx ), an electronic communications network ( ECN ). Its previous trading floor on the corner of Sansome and Pine Street in San Francisco’s fiscal district was sold to non-public developers and converted into a health club. This property conversion also took place in Chicago when Chicago Mercantile Exchange moved from its quarters at 444 West Jackson Boulevard to Wacker Drive. In 2003 the Pacific Stock Exchange launched PCX And , an electronic options dealing platform.

On September 27, 2005, the Pacific Stock Exchange was acquired by the owner of the ArcaEx, Archipelago Holdings, which in turn was acquired by the NY Stock Exchange in 2006. The Long Island Stock Exchange Group, Inc, now NYSE Euronext, conducts no business operations using the nom-de-plume Pacific Stock Exchange, fundamentally ending its separate identity.