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Stan Covey, the president of the Spokane Stock Exchange, said operations ceased at the close of trading on Friday and papers were filed notifying the Securities and Exchange Commission of the closing. Companies with short or erratic histories generally issue penny stock.

Covey said the exchange's board had talked with an investment group about trying to save the market, but talks broke off last week. Investors will be able to sell and buy the listed stocks through member brokers for a while. Quotations will be available on the over-the-counter market and on the New York Stock Exchange.

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DealBook Markets Economy Energy Media Technology Personal Tech Entrepreneurship Your Money. Spokane Shuts Its Exchange AP Published: Sweep to a Win Over the Heat.