Concordian Stock Exchange
| Type | Public |
|---|---|
| CSX:CSX | |
| ISIN | UC57399RTH56 |
| Industry | Financial services |
| Founded | August 21, 1814 |
| Founder | Stock Brokers and Auctioneers Association of Matthews |
| Headquarters | 16 Confederation Street, Central Financial District, , |
Key people | Hadrian Bel Ami (CEO) |
| Services |
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| Rating | Preston & Cole: AAA |
The Concordian Stock Exchange (Norgsveltian: Konkordansk Bors, Impelanzan: Bolsa de Valores Concordense, Vistari: Concordaanse Beurs, or simply CSX) is a securities exchange located in the Central Financial District in Matthews, South Hills. It is the second largest securities exchange in the world by number of companies and total market capitalisation behind the Auroran Stock Exchange. In 2018, it had total market capitalisation of 21 trillion SHD and an average daily trading volume of 102 billion SHD.
It was preceded by a semi-informal system of auctioneers and stockbrokers who sold securities and commodities in the 1800s. Inspired by the Sani Bursil Stock Exchange, the Stock Brokers and Auctioneers Association of Matthews established the Concordian Stock Exchange to facilitate and coordinate sales and fees charged. The new stock exchange attracted many organisations including the government which was more easily able to sell treasury bonds. The CSX integrated online and telephonic trading, computer-based order processing, and other modern developments. Furthermore, through its requirements of a prospectus, financial statements, investment grade credit rating from Preston & Cole etc., it exercised de facto regulatory power. Preston & Cole also provides various market indices and classification methodologies.
It is currently located at the CSX Building which is built in the neo-classical style and was completed in 1823. The building has the densest concentration of optic fibre telecommunications cables in the entire city, making it arguably one of the most networked buildings in the world. It is presently led by CEO Hadrian Bel Ami since 2007.