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In December 1968 , in response to a fiscal crisis, the City of Philadelphia imposed a $0.05-per-share stock transfer tax for all transactions on the PHLX. In response, on January 2 , 1969 , the PHLX moved its trading floor to an office building--then known as the Decker Building--just across City Line Avenue in Bala Cynwyd to avoid the tax. In February, a court ruled that the tax was illegal, and the PHLX moved its trading floor back to its headquarters in the city. On October 22 , 1981 , trading was halted on both the Chicago Board Of Trade and the Philadelphia Stock Exchange after anonymous callers said bombs had been placed in those buildings. In 2005 , a number of large financial firms purchased stakes in the Exchange as a hedge against growing consolidation of stock trading by the New York Stock Exchange and Nasdaq . These firms-- Morgan Stanley , Citigroup , Credit Suisse First Boston , UBS AG , Merrill Lynch and Citadel Investment Group --collectively own about 45% of the exchange. The Exchange currently handles trades for approximately 2000 stocks, 1700 equity options, 25 index options, and a number of currency options. EXTERNAL LINK |
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