Situated in Chicago, llinois, the Chicago Stock Exchange is the United States’ third major dynamic Stock Exchange compared to that of New York City. Originally established on March 21,1882, the Chicago Exchange integrated with the St.Louis, Cleveland and the Minneapolis/St. Paul Stock Exchanges in 1949, and came to be known as Midwest Stock Exchange.
After ten years, it took over the New Orleans Stock Exchange. In 1993, its name officially changed to the Chicago Stock Exchange(CHX). It is a regional Stock Exchange. As far as current developments, a New Trading Model(NTM) is planned on October 23rd and CHX expects to introduce it in the end of 2006 by the sanction of Securities and Exchange Commission.
NTM system is effectual from December 11th and AMEX, NYSE and regional securities combined to the NTM.
History and Origin of the CHX
1864-1882 – Chicago brokers,traders, and businessmen formed this exchange.
March 21,1882 – The first formally organized gathering was held
End of1880’s – Chicago and New York Stock Exchanges both quoted a newly issued stock–the earliest case of dual listing
April 26,1920 – CHX Stock Clearing Corporation formed
1929 – Shedd Aquarium began
1930’s-1940’s – Century of improvement
May 27,1933 – Securities Act of 1933 enacted
June 6, 1934 – Securities Exchange Act of 1934 enacted, modulating Securities Trading and forming the SEC
1947 – Chicago Transit Authority formed
1950 – Midwest Stock Exchange took over New Orleans Stock Exchange
April 17, 1978 – Investment Trading System introduced
1980-1990 – 10 years of technological advancement
1990’s – Rebeginning of the CHX
August 28,2000 – 13 NYSE and AMEX issues begin trading in decimals
Major Companies Listed
Greater Atlantic Financial Corp.
Horizon Health Corporation
National Home Health Care,Corp.
Merit Medicals Systems,Inc.
Guidelines for Investment
Companies may provide different benefits to their shareholders, which often determines whether or not to go public or register their names on the CHX. Some considerations include:
Access to advanced trading technology
CHX registration requirements ask that companies:
Be publicly accepted
Have suitable liquidity to meet the demands of an auction market
Possess sufficient net tangible assets and proven earnings capability
Offer products and services
Operate in the public interest
Chicago Stock Exchange
440 South Lasalle Street
Chicago, IL,60605 -1070