Boston Stock Exchange
Encyclopedia
The Boston Stock Exchange (now NASDAQ OMX BX, formerly BSE) is a regional stock exchange
located in Boston, Massachusetts
. The third-oldest stock exchange in the United States
, it was founded in 1834. On October 2, 2007, Nasdaq
agreed to acquire BSE for $61 million.
In 2002, the BSE co-founded with the Montreal Exchange
(MX), a derivatives exchange and Interactive Brokers
, a discount brokerage, the Boston Options Exchange
(BOX), an automated equity options exchange.
In 2007, controlling interest in the BOX was sold to MX by BSE and IB.
In 2007, NASDAQ acquired the BSE.
Stock exchange
A stock exchange is an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and...
located in Boston, Massachusetts
Massachusetts
The Commonwealth of Massachusetts is a state in the New England region of the northeastern United States of America. It is bordered by Rhode Island and Connecticut to the south, New York to the west, and Vermont and New Hampshire to the north; at its east lies the Atlantic Ocean. As of the 2010...
. The third-oldest stock exchange in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
, it was founded in 1834. On October 2, 2007, Nasdaq
NASDAQ
The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...
agreed to acquire BSE for $61 million.
Hours
The exchange's normal trading sessions are from 08:00am to 07:00pm on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.History
The Boston Stock Exchange was founded in 1834In 2002, the BSE co-founded with the Montreal Exchange
Montreal Exchange
The Montreal Exchange or MX is a derivatives exchange, located in Montreal, that trades futures contracts and options on equities, indices, currencies, ETFs, energy and interest rates. Since 1965, it has been located in the Tour de la Bourse , Montreal's third-tallest building...
(MX), a derivatives exchange and Interactive Brokers
Interactive Brokers
Interactive Brokers Group, Inc. is an online discount brokerage firm in the United States. The company traces its origin to 1977 when Thomas Peterffy bought a seat on the American Stock Exchange as an individual market maker, and formed T.P. & Co. the following year...
, a discount brokerage, the Boston Options Exchange
Boston Options Exchange
Boston Options Exchange Group, LLC is an automated stock exchange owned and operated by the TMX Group. As an equity options market, it provides electronic order matching services to stock brokers and traders.- Overview :...
(BOX), an automated equity options exchange.
In 2007, controlling interest in the BOX was sold to MX by BSE and IB.
In 2007, NASDAQ acquired the BSE.