The Philadelphia Stock Exchange, now known as Nasdaq PHLX, is the oldest U.S. stock exchange but now focuses on equity, currency and index options. Penn Capital is a boutique, SEC registered investment management firm that specializes in the leveraged finance market.Gain or loss on any subsequent sale of the stock is computed on the difference between the sales price and the basis. Blank Rome has been advising clients in sophisticated capital-raising transactions for more than 65 years. These funds are shown in the Capital Program in order to provide complete information on the scope and cost of Citysupported projects. Philadelphia, for example, levies one of the highest local income tax rates in the state, at 3.75 percent. Description. Provider of a securities exchange market. It can give you a significant edge in a stock market challenge (also known as fantasy investing). Please fill out this field.