PHLX On Fire?

| December 29, 2009 | 0 Comments More

Hearing that the Philadelphia Stock Exchange [PHLX], one of the largest options exchanges, is being evacuated because of fire. Developing….

Follow up (12:00): From Dow Jones: NASDAQ OMX confirmed that trading on the NASDAQ OMX PHLX trading floor was halted at 11:05 a.m. due to smoke in the building on 1900 Market Street in Philadelphia, PA. All employees were safely evacuated by The Fire Department and essential staff is being relocated. The origin of the smoke has not been identified at this time. All other NASDAQ OMX trading systems are operating normally.

Update (12:49): PHLX is back! I guess the old adage “where there’s smoke there’s fire” doesn’t always hold true.

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About the Author (Author Profile)

Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.