The National Stock Exchange (NSX) is an electronic

stock exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for th ...

based in

Jersey City Jersey City is the second-most populous city in the U.S. state of New Jersey, after Newark.New Jersey New Jersey is a state in the Mid-Atlantic and Northeastern regions of the United States. It is bordered on the north and east by the state of New York; on the east, southeast, and south by the Atlantic Ocean; on the west by the Delaware ...

. It was founded March 1885 in

Cincinnati Cincinnati ( ) is a city in the U.S. state of Ohio and the county seat of Hamilton County. Settled in 1788, the city is located at the northern side of the confluence of the Licking and Ohio rivers, the latter of which marks the state line wit ...

Ohio Ohio () is a state in the Midwestern region of the United States. Of the fifty U.S. states, it is the 34th-largest by area, and with a population of nearly 11.8 million, is the seventh-most populous and tenth-most densely populated. The sta ...

, as the Cincinnati Stock Exchange. In 1995, it moved headquarters to

Chicago, Illinois (''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivision_name ...

, and it was renamed the National Stock Exchange in 2003. After demutualizing in 2006, it moved headquarters to Jersey City. In 2011,

CBOE Stock Exchange The Chicago Board Options Exchange (CBOE), located at 433 West Van Buren Street in Chicago, is the largest U.S. options exchange with an annual trading volume of around 1.27 billion at the end of 2014. CBOE offers options on over 2,200 companies ...

acquired the National Stock Exchange, with both exchanges operating under separate names. The NSX ceased trading operations on February 1, 2017, when it was acquired by the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed c ...

, with plans to re-open trading at an unknown time.

History

Early name changes

National Stock Exchange was founded March 1885 in

, as the Cincinnati Stock Exchange. In 1976, it closed its physical trading floor and became an all-electronic stock market. The Cincinnati Stock Exchange moved its headquarters to Chicago in 1995, and changed its name to the National Stock Exchange – NSX – on November 7, 2003. Owned by its members since inception, it demutualized in 2006. It later moved its headquarters to Jersey City, New Jersey. In September 2011,

(CBSX) entered into an agreement to acquire the National Stock Exchange. The acquisition was completed on December 30, 2011 with both exchanges to operate under separate names. The National Stock Exchange continued to be based in Jersey City.

2014–2015 shutdown

In May 2014, the exchange "changed its pricing structure to charge both sides of a trade a fee for securities priced $1 or more, a departure from other public venues that usually charge one side and pay a rebate to another." With David Harris as chief executive officer, the National Stock Exchange ceased trading operations on May 30, 2014. The exchange stated in a release that it, "continues to be registered as a national securities exchange under Section 6 of the Securities Exchange Act (the "Act") and remains a self-regulatory organization. All NSX rules remain in full force and effect." The closure brought the number of active stock exchanges in the United States to 11, as the

had closed the month prior. Wrote ''Bloomberg'', "just one public exchange, Chicago Stock Exchange Inc., that isn’t owned Bats, Nasdaq OMX Group Inc. or IntercontinentalExchange Group Inc." On February 24, 2015, the NSX was bought by a private entity known as National Stock Exchange Holdings. Trading resumed on December 22, 2015.

NYSE acquisition

The

announced it has entered into an agreement to acquire the NSX, subject to Securities and Exchange Commission (SEC) approval. The NSX ceased trading operations on February 1, 2017. NYSE plans to bring it back on its new trading platform Pillar, some time in the distant future. NSX was to be renamed "NYSE National" as a result of the acquisition by NYSE. On January 12, 2018 an SEC filing for rule changes was made to support re-activation of NYSE National, Inc. in the second quarter of 2018 (on the Pillar trading platform as previously noted).

Previous exchanges named NSX

Two previous exchanges, both located in

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

, operated as the National Stock Exchange. The first exchange operated for seven months to September 1869.Kirby Faciane (2008). Stock Exchange Organization. H.C. Baird: Philadelphia. . The other, associated with the

New York Mercantile Exchange The New York Mercantile Exchange (NYMEX) is a commodity futures exchange owned and operated by CME Group of Chicago. NYMEX is located at One North End Avenue in Brookfield Place in the Battery Park City section of Manhattan, New York City. ...

, traded from March 7, 1962 to January 31, 1975.

References

External links

* * * On the Pillar Trading platform: ** ** ** {{World Federation of Exchanges Financial services companies established in 1885 Stock exchanges in the United States Companies based in Jersey City, New Jersey History of Cincinnati 1885 establishments in Ohio Financial services companies based in New Jersey