Pacific Exchange
 |
|
| Type | |
|---|---|
| Location | San Francisco and Los Angeles, United States |
| Founded | 1956 |
| Closed | 2006 |
| Owner |
Archipelago Holdings (2005) (2006) |
| Currency | United States dollar |
The Pacific Exchange was a in California until 2001. Its main exchange floor and building were in San Francisco, California, with a branch building in Los Angeles, California.
Its history began with the founding of the in 1882 and the Los Angeles Oil Exchange in 1889. In 1956 the two exchanges merged to create the Pacific Coast Stock Exchange, with trading floors maintained in both cities. In 1973, it was renamed the Pacific Stock Exchange. The Pacific Exchange was bought by Archipelago Holdings in 2005, which merged with the in 2006. Pacific Exchange equities and options trading now takes place exclusively through the NYSE Arca platform.
Its history began with the founding of the in 1882 and the Los Angeles Oil Exchange in 1889. In 1956, the two exchanges merged to create the Pacific Coast Stock Exchange, though trading floors were maintained in both cities. In 1973, it was renamed the Pacific Stock Exchange and it began trading options three years later in 1976.
In 1999, the exchange became the first U.S. stock exchange to demutualize. The trading floor in Los Angeles was closed in 2001, followed by the floor in San Francisco a year later. 2003 saw the exchange launch PCX Plus, an electronic options trading platform.
By 2005, the Pacific Exchange was bought by the owner of the ArcaEx platform, Archipelago Holdings, which then merged with the in 2006. The New York Stock Exchange conducts no business operations under the name Pacific Exchange, essentially ending its separate identity. Pacific Exchange equities and options trading now takes place exclusively through the NYSE Arca (formerly known as ArcaEx) platform, an Electronic communication network (ECN), as NYSE Arca Equities and NYSE Arca Options, respectively.
The San Francisco Pacific Exchange building, housing the equities trading floor, is located on Pine Street at the corner of Sansome Street in the Financial District. It was built in 1930 in the Moderne style, with its street facades clad in Yule marble.
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