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Chicago Stock Exchange history
Chicago Stock Exchange company history timeline
The Chicago Stock Exchange was founded in a formal meeting on March 21, 1882.
In 1894, the Chicago Stock Exchange moved its trading floor to the old Chicago Stock Exchange building, designed by the firm of Adler & Sullivan, which was located at corner of Washington and LaSalle streets.
In October 1915, the basis of quoting and trading in stocks changed from percent to par value to dollars.
On April 26, 1920, the Chicago Stock Exchange Stock Clearing Corporation was established.
On October 29, 1929, the stock market crashed, resulting in a very difficult time period for the Chicago Stock Exchange, and the stock market in general.
In 1949, the CHX merged with the exchanges of St Louis, Cleveland and Minneapolis/St Paul to form the Midwest Stock Exchange, which kept its headquarters in Chicago.
The old Chicago Stock Exchange building was demolished in 1972, but the original trading floor and main entrance can now be found at the Art Institute of Chicago.
In April 1978, the Chicago Stock Exchange launched an Intermarket Trading System (ITS), a system that allowed orders to be sent from one exchange to another to ensure that customers received the best execution available.
In 1982, the CHX launched the MAX system, which allowed CHX to be one of the first stock exchanges to provide fully automated order execution.
In 1987, the CHX implemented programs to trade Nasdaq securities.
In 1997 the Chicago Stock Exchange began trading exchange-traded funds (ETFs).
The privately held Casin Group was founded in 1997.
In 2005, the SEC approved a change of the ownership structure of the CHX from a not-for-profit, member-owned company to a for-profit, stockholder-owned corporation.
The National Stock Exchange ceased trading operations on May 30, 2014, bringing the number of active stock exchanges in the United States to 11.
On February 5, 2016, Chongqing Casin Enterprise Group, a Chinese-led investment group, entered into a definitive agreement to acquire CHX Holdings, Inc., the parent corporation of the Chicago Stock Exchange, for an undisclosed amount, which is subject to regulatory approvals.
By August 2017, the deal was still pending, with the United States Securities and Exchange Commission expressing reservations.
The sale was blocked by the government in February 2018.
CHX will continue to operate as a registered national securities exchange till the end of 2019 when CHX will cease to exist.
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Chicago Stock Exchange competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| FXCM | 1999 | $284.1M | 787 | - |
| Chicago Board Of Trade | 1848 | $32.0M | 273 | - |
| La Branche & Co | - | $13.0M | 200 | - |
| NCS | 1915 | $680,000 | 1 | 9 |
| The Fund | - | - | 310 | 9 |
| NASBA | 1908 | $50.0M | 9 | - |
| Texas Guaranteed Student Loan | 1979 | $35.0M | 50 | 1 |
| Journal of Accountancy | - | $361.4M | 50 | - |
| STRS Ohio | 1920 | $640,000 | 7 | 2 |
| Empower Retirement | 1907 | $2.8B | 3,300 | 145 |
Chicago Stock Exchange history FAQs
Zippia gives an in-depth look into the details of Chicago Stock Exchange, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Chicago Stock Exchange. The employee data is based on information from people who have self-reported their past or current employments at Chicago Stock Exchange. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Chicago Stock Exchange. The data presented on this page does not represent the view of Chicago Stock Exchange and its employees or that of Zippia.
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