A regional stock exchange is a term used in the

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

to describe

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 ...

s that operate outside of the country's main financial center in

New York City New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...

. A regional stock exchange operates in the trading of listed and

over-the-counter Over-the-counter (OTC) drugs are medicines sold directly to a consumer without a requirement for a prescription from a healthcare professional, as opposed to prescription drugs, which may be supplied only to consumers possessing a valid pres ...

(OTC)

equities Stocks (also capital stock, or sometimes interchangeably, shares) consist of all the shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporation in proportion t ...

under the SEC's

Unlisted Trading Privileges Unlisted Trading Privileges (UTP) oversees the Securities Information Processor for securities listed on Nasdaq and other securities that do not meet the requirements for listing on an exchange. Acquisition and distribution of market data Nasdaq ...

(UTP) rule.

History of regional stock exchanges

The SEC was formed in 1934, and that year, a total of 24 securities exchanges registered with the SEC, while 19 received temporary exemptions from registration. Exchanges actively trading that year included the

New Orleans Stock Exchange The New Orleans Stock Exchange, or the New-Orleans Stock Exchange, was a regional stock exchange based in New Orleans, Louisiana. As early as 1880, the exchange's sales of stock reached a reported total of $7,891,300. The exchange moved into a ne ...

, the Richmond Stock Exchange, the San Francisco Curb Exchange, the San Francisco Mining Exchange, and the St. Louis Stock Exchange. Ten stock exchanges closed after the SEC was created, including the Boston Curb Market, the Buffalo Stock Exchange, the Chicago Curb Exchange, the Denver Stock Market, the Hartford Stock Market, the Milwaukee Grain and Stock Exchange, the

New York Mining Exchange New or NEW may refer to: Music * New, singer of K-pop group The Boyz * ''New'' (album), by Paul McCartney, 2013 ** "New" (Paul McCartney song), 2013 * ''New'' (EP), by Regurgitator, 1995 * "New" (Daya song), 2017 * "New" (No Doubt song), 19 ...

, the New York Real Estate Securities Exchange, the Seattle Stock Exchange, and the Wheeling Stock Exchange. The

New York Produce Exchange The New York Produce Exchange was a commodities exchange headquartered in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It served a network of produce and commodities dealers across the United States ...

decided to stop trading in securities as well. In April 1941, eighteen regional stock exchanges received invitations to "parley" with the SEC on possible amendments to the

Securities Act The Securities Act of 1933, also known as the 1933 Act, the Securities Act, the Truth in Securities Act, the Federal Securities Act, and the '33 Act, was enacted by the United States Congress on May 27, 1933, during the Great Depression and afte ...

to be presented to Congress that May. The exchange representatives attended the conference on April 28, 1941 to discuss the issue.

List of regional stock exchanges

Current

Regional exchanges currently registered with the SEC include: *

Boston Stock Exchange The Boston Stock Exchange (now NASDAQ BX, formerly ''BSE'') was a regional stock exchange formerly located in Boston, Massachusetts. It was founded in 1834, making it the third-oldest stock exchange in the United States. On October 2, 2007, NASDAQ ...

(BSE or BSX), acquired by NASDAQ in 2007 *

Chicago Board Options Exchange Cboe Global Markets, Inc. is an American company that owns the Chicago Board Options Exchange and the stock exchange operator BATS Global Markets. History Founded by the Chicago Board of Trade in 1973 and member-owned for several decades, the ...

(CBSX) *

Chicago Stock Exchange NYSE Chicago, formerly known as the Chicago Stock Exchange (CHX), is a stock exchange in Chicago, Illinois, US. The exchange is a national securities exchange and self-regulatory organization, which operates under the oversight of the U.S. Secu ...

(CHX), acquired by NYSE in 2019 * National Stock Exchange (NSX), acquired by NYSE in 2017 *

Pacific Stock Exchange The Pacific Exchange was an American regional stock exchange in California, from 1956 to 2006. Its main exchange floor and building were in San Francisco, California, with a branch building in Los Angeles, California. In 1882, the San Francisc ...

(PSE), acquired by NYSE in 2006 *

Philadelphia Stock Exchange Philadelphia Stock Exchange (PHLX), now known as Nasdaq PHLX, is the first stock exchange established in the United States and the oldest stock exchange in the nation. The exchange is owned by Nasdaq, which acquired it in 2007 for $652 million, ...

(PHLX), the nation's first stock exchange, acquired by NASDAQ in 2007 The

Cincinnati Cincinnati ( ; colloquially nicknamed Cincy) is a city in Hamilton County, Ohio, United States, and its county seat. Settled in 1788, the city is located on the northern side of the confluence of the Licking River (Kentucky), Licking and Ohio Ri ...

Stock Exchange moved to

Chicago Chicago is the List of municipalities in Illinois, most populous city in the U.S. state of Illinois and in the Midwestern United States. With a population of 2,746,388, as of the 2020 United States census, 2020 census, it is the List of Unite ...

and changed its name to the National Stock Exchange. It moved again to its current location in

Jersey City Jersey City is the List of municipalities in New Jersey, second-most populous

, New Jersey.

Historical

There used to be many more such exchanges in the United States. Among those that have become defunct or have merged into the survivors listed above are *

Baltimore Baltimore is the most populous city in the U.S. state of Maryland. With a population of 585,708 at the 2020 census and estimated at 568,271 in 2024, it is the 30th-most populous U.S. city. The Baltimore metropolitan area is the 20th-large ...

, which merged with Philadelphia in 1949 ( Baltimore Stock Exchange) *

Buffalo, New York Buffalo is a Administrative divisions of New York (state), city in the U.S. state of New York (state), New York and county seat of Erie County, New York, Erie County. It lies in Western New York at the eastern end of Lake Erie, at the head of ...

, which closed in 1936 ( Buffalo Stock Exchange) *

Cleveland Cleveland is a city in the U.S. state of Ohio and the county seat of Cuyahoga County. Located along the southern shore of Lake Erie, it is situated across the Canada–U.S. maritime border and approximately west of the Ohio-Pennsylvania st ...

, which merged with Chicago in 1949 (

Cleveland Stock Exchange The Cleveland Stock Exchange was a stock exchange in Cleveland, Ohio, U.S. History The Cleveland Stock Exchange was established in 1899, and began operations on April 16, 1900 at the Williamson Building (today the location of the 200 Public Squa ...

) *

Colorado Springs Colorado Springs is the most populous city in El Paso County, Colorado, United States, and its county seat. The city had a population of 478,961 at the 2020 census, a 15.02% increase since 2010. Colorado Springs is the second-most populous c ...

, which closed in 1966 ( Colorado Springs Stock Exchange) *

Denver Denver ( ) is a List of municipalities in Colorado#Consolidated city and county, consolidated city and county, the List of capitals in the United States, capital and List of municipalities in Colorado, most populous city of the U.S. state of ...

, which closed in 1936 ( Denver Stock Exchange) *

Detroit Detroit ( , ) is the List of municipalities in Michigan, most populous city in the U.S. state of Michigan. It is situated on the bank of the Detroit River across from Windsor, Ontario. It had a population of 639,111 at the 2020 United State ...

, which closed in 1976 (

Detroit Stock Exchange Detroit ( , ) is the most populous city in the U.S. state of Michigan. It is situated on the bank of the Detroit River across from Windsor, Ontario. It had a population of 639,111 at the 2020 census, making it the 26th-most populous city ...

) *

Hartford Hartford is the List of capitals in the United States, capital city of the U.S. state of Connecticut. The city, located in Hartford County, Connecticut, Hartford County, had a population of 121,054 as of the 2020 United States census, 2020 ce ...

, which closed in 1934 ( Hartford Stock Exchange) *

Honolulu Honolulu ( ; ) is the List of capitals in the United States, capital and most populous city of the U.S. state of Hawaii, located in the Pacific Ocean. It is the county seat of the Consolidated city-county, consolidated City and County of Honol ...

, which closed in 1977 ( Honolulu Stock Exchange) *

Los Angeles Los Angeles, often referred to by its initials L.A., is the List of municipalities in California, most populous city in the U.S. state of California, and the commercial, Financial District, Los Angeles, financial, and Culture of Los Angeles, ...

and

San Francisco San Francisco, officially the City and County of San Francisco, is a commercial, Financial District, San Francisco, financial, and Culture of San Francisco, cultural center of Northern California. With a population of 827,526 residents as of ...

, which merged to form the

Pacific Exchange The Pacific Exchange was an American regional stock exchange in California, from 1956 to 2006. Its main exchange floor and building were in San Francisco, California, with a branch building in Los Angeles, California. In 1882, the San Francisc ...

in 1957 ( Los Angeles Stock Exchange, San Francisco Stock and Bond Exchange) *

Louisville, Kentucky Louisville is the List of cities in Kentucky, most populous city in the Commonwealth of Kentucky, sixth-most populous city in the Southeastern United States, Southeast, and the list of United States cities by population, 27th-most-populous city ...

, which closed in 1935 ( Louisville Stock Exchange) *

Milwaukee Milwaukee is the List of cities in Wisconsin, most populous city in the U.S. state of Wisconsin. Located on the western shore of Lake Michigan, it is the List of United States cities by population, 31st-most populous city in the United States ...

, which closed in 1938 ( Milwaukee Stock Exchange) *

Minneapolis Minneapolis is a city in Hennepin County, Minnesota, United States, and its county seat. With a population of 429,954 as of the 2020 United States census, 2020 census, it is the state's List of cities in Minnesota, most populous city. Locat ...

St. Paul Paul, also named Saul of Tarsus, commonly known as Paul the Apostle and Saint Paul, was a Christian apostle ( AD) who spread the teachings of Jesus in the first-century world. For his contributions towards the New Testament, he is generally ...

, which merged with

in 1949 (

Minneapolis-St. Paul Stock Exchange The Minneapolis-St. Paul Stock Exchange was a regional stock exchange based in Minnesota, United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. ...

) *

New Orleans New Orleans (commonly known as NOLA or The Big Easy among other nicknames) is a Consolidated city-county, consolidated city-parish located along the Mississippi River in the U.S. state of Louisiana. With a population of 383,997 at the 2020 ...

, which merged with Chicago in 1959 (

) *

Pittsburgh Pittsburgh ( ) is a city in Allegheny County, Pennsylvania, United States, and its county seat. It is the List of municipalities in Pennsylvania#Municipalities, second-most populous city in Pennsylvania (after Philadelphia) and the List of Un ...

, which merged with Philadelphia in 1969 ( Pittsburgh Stock Exchange) *

Richmond, Virginia Richmond ( ) is the List of capitals in the United States, capital city of the Commonwealth (U.S. state), U.S. commonwealth of Virginia. Incorporated in 1742, Richmond has been an independent city (United States), independent city since 1871. ...

, which closed in 1972 ( Richmond Stock Exchange) *

St. Louis St. Louis ( , sometimes referred to as St. Louis City, Saint Louis or STL) is an independent city in the U.S. state of Missouri. It lies near the confluence of the Mississippi and the Missouri rivers. In 2020, the city proper had a populatio ...

, which merged with Chicago in 1949 ( St. Louis Stock Exchange) *

Salt Lake City Salt Lake City, often shortened to Salt Lake or SLC, is the capital and most populous city of the U.S. state of Utah. It is the county seat of Salt Lake County, the most populous county in the state. The city is the core of the Salt Lake Ci ...

, which closed in 1986 ( Intermountain Stock Exchange) *

Seattle Seattle ( ) is the most populous city in the U.S. state of Washington and in the Pacific Northwest region of North America. With a population of 780,995 in 2024, it is the 18th-most populous city in the United States. The city is the cou ...

, which closed in 1942 ( Seattle Stock Exchange) *

Spokane, Washington Spokane ( ) is the most populous city in eastern Washington and the county seat of Spokane County, Washington, United States. It lies along the Spokane River, adjacent to the Selkirk Mountains, and west of the Rocky Mountain foothills, south o ...

, which closed in 1991 ( Spokane Stock Exchange) *

Washington, D.C. Washington, D.C., formally the District of Columbia and commonly known as Washington or D.C., is the capital city and federal district of the United States. The city is on the Potomac River, across from Virginia, and shares land borders with ...

, which merged with Philadelphia in 1953 ( Washington Stock Exchange) *

Wheeling, West Virginia Wheeling is a city in Ohio County, West Virginia, Ohio and Marshall County, West Virginia, Marshall counties in the U.S. state of West Virginia. The county seat of Ohio County, it lies along the Ohio River in the foothills of the Appalachian Mo ...

, which closed in 1965 ( Wheeling Stock Exchange)

References

{{reflist Economy of the United States Regions of the United States

History of regional stock exchanges

List of regional stock exchanges

Current

Historical

See also

References