| The Philadelphia
Stock Exchange (PHLX) was founded in 1790 as the first organized
stock exchange in the United States.
As one of North America's primary marketplaces for the trading
of stocks, equity options, index options and currency options,
the PHLX continues to be a leader in the development and introduction
of innovative new products and services.
The PHLX trades 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 Gold/Silver SectorSM (XAUSM)
is one of the most actively traded, industry-based index options
offered by any exchange, serving as a widely quoted benchmark
of the gold and silver mining industry. Similarly, the PHLX
Housing SectorSM (HGXSM
), PHLX Oil Service SectorSM (OSXSM),
PHLX Semiconductor SectorSM (SOXSM)
and PHLX Utility SectorSM (UTYSM)
are well established as leading industry indicators.
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