The Philadelphia Stock Exchange established in 1790 is the oldest stock exchange in the United States that is located in Philadelphia in Pennsylvania. Later on it merged with the Baltimore Stock Exchange, Washington Stock Exchange and Pittsburgh Stock Exchange.
The products and services offered by the Philadelphia Stock Exchange can be detailed under the following heads:
The Philadelphia Stock Exchange trades in 7000 stocks, more than 2500 equity options, 17 index options and multiple currency pairs.
Indices Used in the Philadelphia Stock Exchange
• XAU SM
The Gold/Silver Sector SM ( XAU SM ) of the Philadelphia Stock Exchange is a capitalization- weighted index that is comprised of 16 companies in the gold silver mining industry.
• OSX SM
The OSX SM or the Oil Service Sector of the Philadelphia Stock Exchange is a price weighted index that is formed out of 15 Companies. These companies offer services like oil drilling , provision of oil field equipment, support services and geophysical services.
• SOX SM
The SOX SM is the semiconductor sector of the SOX SM Philadelphia Stock Exchange . This is a price weighted index that made up of 19 companies that deal with designing, distribution, manufacture and sale of the semiconductors.
• BKX SM
The KBW Bank Index is a modified- capitalization- weighted index.
• UTY SM
The PHLX Utility Sector is the capitalization weighted index that is formed of 20 public stocks that are listed in the New York Stock Exchange.
World Currency Options that are traded in Philadelphia Stock Exchange
The Philadelphia Stock Exchange provides the U.S dollar settled options on the British pound/U.S dollar and the Euro/US dollar.
Equity Options
The equity options that are offered by the Philadelphia Stock Exchange help the investors in managing their investment portfolio efficiently. Some of the prominent Equity options offered by the Philadelphia Stock Exchange are IRO, ACZ and THQ options .
Flex Options
Flex Options are the latest risk management instrument. This option helps the investors in choosing the customized derivative products. Investment in the Flex Options give the investor the liberty to choose the maturity date, strike price and the exercise- style of the contract.
Physically Settled Currency Options
There are two types of physically settled currency options:
• Standardized Currency Options
The Standardized Currency Options have specific terms in the contract relating to the size of the contract, strike price intervals, expiration dates, price quoting and premium settlement. This facility is offered by Philadelphia Stock Exchange on six major currencies.
• Customized Physically Settled Currency Options
Unlike the Standardized Currency Options the customized currency option gives the investor the liberty to choose the contract size, strike price intervals, expiration dates, price quoting and premium settlement.