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Wilmington Stock Exchange Trading Underway

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The Wilmington Stock Exchange is up and running executing around 50 trades a day and is hoping for daily trades of 8 million shares to break even.

The Wilmington News Journal reports that currently the exchange posts 750 companies that range from Fannie Mae and Freddie Mac to technology and banking firms.

Dennis Toner, director of the organization, told the paper that each day the volume of trading has increased.

Currently, the operation has around 14 employees divided between offices in Wilmington, New York and New Jersey.

The exchange comes after two years of planning and a highly debated proposal government support.

Don Rush is the News Director and Senior Producer of News and Public Affairs at Delmarva Public Media. An award-winning journalist, Don reports major local issues of the day, from sea level rise, to urban development, to the changing demographics of Delmarva.