Philadelphia's Building Blocks
COVER STORY
The Chinese symbol for crisis is the same for the word opportunity. As the New York Stock Exchange (NYSE) struggles with Regulation National Market System (Reg NMS) and its aging technology, roughly 90 miles away, the Philadelphia Stock Exchange (PHLX) saw an opportunity to align itself with six major investment banks in order to grow and expand.
This summer, PHLX officials confirmed that the nation's first organized exchange had partnered with six major investment firms—UBS, Citigroup, Morgan
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