The Boston Stock Exchange (BSE), a mutual organization that manages or regulates multiple ventures, announced Sept. 5 that it has discontinued the operations of the Boston Equities Exchange (BEX).
BEX was launched in August 2005 as an electronic stock exchange but failed to gain market share, according to BSE. BEX did not see significant gains during a summer of record trading volume.
The BSE will continue to be active in the marketplace and will support its remaining ventures including the regulation of the Boston Options Exchange (BOX).
