As the first securities exchange in the United States, the
tradition of innovation that has characterized the PHLX since
its inception in 1790 has carried on throughout the years
as the Exchange continues to respond to the ever-changing
needs of the investment community.
In addition to being the first organized exchange in the
U.S., the PHLX can proudly boast a long list of other "firsts"
that have had an equally significant impact on the securities
industry. One of them being the first U.S. securities exchange
to enter cyberspace with its own site on the World Wide Web.
PHLX's goal when it launched its Web site was to create a
site that would reflect its innovative spirit as well as provide
a useful resource for obtaining information on the securities
industry as well as on PHLX's more than 7,000 stocks, more
than 2,600 equity options, 16 index options and U.S. dollar-settled
options on major currencies.
The PHLX feels it has met that goal by creating one of the
most dynamic sites in the industry. As you browse PHLX's site,
you will find updated contract specifications on PHLX's exclusive
products, current news releases, text from key PHLX publications
and newsletters, as well as information on the many free educational
conferences and seminars hosted by the PHLX. In addition,
PHLX's Web site also provides hyperlinks to other securities-industry
related Web sites.
In terms of its development, the Exchange has evolved a long
way from its early days. Through foresight, creativity, and
its willingness to explore uncharted territories, the PHLX
remains committed to uphold the tradition of innovation begun
over two hundred years ago by its founders.
