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PHLX Gains New Life

Traders Magazine, September 2005

Michael Scotti

There's new life at 1900 Market Street in the City of Brotherly Love. An equity infusion into the Philadelphia Stock Exchange by six major brokerage firms could make this once downtrodden regional exchange a more popular venue for equities and options. One source familiar with the investment said that PHLX has a market share in options that could skyrocket to 30 percent, given the ability of its investors to provide order flow.

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