Philadelphia Stock Exchange

Philadelphia Stock Exchange - One of the oldest establishments in securities is the Philadelphia stock exchange. Here the shares of stock and common stock equivalents are bought and sold. It began in 1709 and developed into the largest exchange of its kind in the United States. As the economy developed, the Philadelphia exchange merged with the Baltimore Stock Exchange, the Pittsburgh Stock Exchange, and the Washington Stock Exchange. In 2008 the National Association of Securities Dealers Automated Quotations, then referred to as the NASDAQ acquired the Philadelphia stock exchange. The NASDAQ then capitalized on the electronic securities market, allowing brokers to conduct trades online, or over the telephone.