Philadelphia Stock Exchange (PHLX) said it is ready to launch its new trading platform called PHLX XL, which could be up and running as early as June, pending regulatory approval.
PHLX executives said at the recent Options Industry Conference in Phoenix that they are awaiting the completion of the Securities and Exchange Commission (SEC) application process, which would then be followed by a 30-day comment period. After the comment period, PHLX XL could receive the green light and be operational as early as June.
The system will begin with floor...