Pacific Exchange (PX)

Definition

Stock exchange created in 1882 after the San Francisco Stock & Bond Exchange and the Los Angeles Oil Exchange merged. The exchange trades stock options and equities. The exchange received its name based on its location near the Pacific Ocean in California. In 2001, the exchange closed down its Los Angeles, California location after the Archipelago Exchange took over equities trading. The exchange operates out of its San Francisco location and trades stock options through NYSE Arca.
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Options Clearing Corporation OCC