Boston Stock Exchange

Right from its inception in 1834, the Boston Stock Exchange (BSE) has gradually gained its repute of being a dependable and steady business center. Strengthened by a quality market, exceptional customer services, innovative technology, and specialized trading provisions, the BSE is amongst the best in the business.

The Boston Stock Exchange is one of the oldest Stock Exchanges in the US (in fact it is the third oldest). Founded in 1834, the BSE is now a major indicator of the city’s financial sector, which is the biggest investment management center in the world only after New York and London.

Similar to all other Stock Exchanges the world over, the BSE was founded by several business leaders in order to invest the wealth earned through shipping, banking, and insurance. The BSE also provided the Capital required for the expansion of trade and bigger enterprises, as the industry of the region as well as the country was growing rapidly at that time.

In the early times, it served as the place where local stockbrokers met to trade local banks’ and insurance companies’ shares. Gradually other companies joined the new stock exchange and it was in 1878 that AT&T following the invention of the telephone by Alexander Graham Bell got enlisted on the BSE.

The Boston Stock Exchange is arguably recognized as the place where the mutual fund came into being and it presently manages investments in mutual funds worth trillions of dollars.

The Boston Stock Exchange supervises and governs all dealings on the Boston Equities Exchange LLC trading facility and the Boston Options Exchange LLC trading facility.

The Boston Stock Exchange is basically a self-regulatory authority consisting of “members” who are either broker-dealers or organizations that specialize in carrying out the deals of shares on the Boston Stock Exchange, have to be registered with the Securities and Exchange Council (SEC) or the NASD (in a few cases). Some current members of the Boston Stock Exchange include ABN AMRO Incorporated, Morgan Stanley & Co.,Moors & Cabot, Inc.,HSBC Securities (USA) Inc., Deutsche Bank Securities Inc.

Some companies listed on the Boston Stock Exchange are Synergy Brands, Inc., Biodelivery Sciences intnl wts., Bluefly, Inc.,General Electric etc.