Philadelphia Stock Exchange that the tax was illegal, and the PHLX moved its trading floor back to its headquarters in the city. In 1981, the exchange moved to 19th and Market, where it stayed until 2017 when it moved to its current location in the newly built FMC Tower. The exchange merged with the Baltimore Stock Exchange in 1949. The exchange was then named the Philadelphia-Baltimore Stock Exchange. The Baltimore Stock Exchange then migrated out of its Baltimore Stock Exchange Building, later renamed the Totman Building, to a new home base in Philadelphia. The exchange merged with the Washington Stock Exchange in 1954.
Mongolian Stock Exchange in Mongolia and need for robust, private and attractive stock exchange. Naidansuren Zoljargal, one of the founders of the Mongolian Stock Exchange, was educated in Hungary and later studied finance at the Harvard University in the United States, and founded the Mongolian Stock Exchange when he was 27 years old. His young age prompted American magazine "Asia, Inc." to dub him the "Boy Wonder of the Mongolian Stock Exchange". His older brother, Naidansurengiin Jargalsaikhan, was formerly head of the Bank of Mongolia, but was ousted from his job after the loss of US$100 million of foreign reserves, which had been