Chicago Stock Exchange (CHX)


A major exchange trading only stocks, with 90% of trades taking place on an automated execution system, called MAX.

Investing Essentials

Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Acid test ratio

Also called the quick ratio, the ratio of current assets minus inventories, accruals, and prepaid items to current liabilities.

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