Operation and Trading
The CHX operates as a direct and wholly owned subsidiary of CHX Holdings, Inc., a Delaware corporation. Previously, the Exchange had been constituted as a membership organization which a “seat” on the Exchange conferred both a fractional ownership interest as well as the privilege to trade on the floor. The CHX operates a fully electronic Matching System and provides routing to CHX Institutional Brokers and off-Exchange market makers. The CHX Matching System has been designed to provide broker/dealers with cost efficient executions.
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Famous quotes containing the words operation and/or trading:
“It requires a surgical operation to get a joke well into a Scotch understanding. The only idea of wit, or rather that inferior variety of the electric talent which prevails occasionally in the North, and which, under the name of “Wut,” is so infinitely distressing to people of good taste, is laughing immoderately at stated intervals.”
—Sydney Smith (1771–1845)
“His farm was “grounds,” and not a farm at all;
His house among the local sheds and shanties
Rose like a factor’s at a trading station.”
—Robert Frost (1874–1963)