regional exchange
Definition
An SEC-registered stock exchange which focuses on listing stocks of corporations in its geographic region. The major U.S. regional exchanges are the Boston, Chicago, Cincinnati, Pacific, and Philadelphia stock exchanges. Regional exchanges are usually significantly smaller than exchanges that focus on listing stocks at the national level. Many stocks listed on regional exchanges are not listed on national exchanges. However, regional exchanges also feature stocks which list both on the regional and the national exchange.
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Related Terms
nonmember firm, composite tape, National Market Advisory Board, National Market System
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