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American Stock Exchange
(redirected from American Exchange)

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American Stock Exchange (AMEX)
Stock exchange with the third highest volume of trading in the US. Located at 86 Trinity Place in downtown Manhattan. The bulk of trading on AMEX consists of index options (computer technology index, institutional index, major market index) and shares of small to medium-sized companies are predominant. Recently merged with Nasdaq See: Curb.

American Stock Exchange
A stock exchange. On October 1, 2008, it changed its name to NYSE Alternext U.S. Prior to its 2008 acquisition by NYSE Euronext, the American Stock Exchange was a mutually owned stock exchange located in Manhattan. Of the three main U.S. stock exchanges, it has the most liberal policies on company listing, having more small companies than either the NYSE or NASDAQ. As a result, it is smaller than either of those stock exchanges by trading volume, handling only about 10% of American securities.

American Stock Exchange (AMEX). The AMEX is the second-largest floor-based stock exchange in the United States after the New York Stock Exchange (NYSE).

It operates an auction market in stocks (including overseas stocks), exchange traded funds, and derivatives, including options on many NYSE-traded and over-the-counter (OTC) stocks.


American Stock Exchange (AMEX)

What Does American Stock Exchange (AMEX) Mean?

The third-largest stock exchange by trading volume in the United States. The AMEX is located in New York City and handles about 10% of all securities traded in the United States.

Investopedia explains American Stock Exchange (AMEX)

The AMEX has merged with the Nasdaq. It was known as the “curb exchange” until 1921. It used to be a strong competitor of the New York Stock Exchange, but that role has been filled by the Nasdaq. Today, almost all trading on the AMEX is in small-cap stocks, exchange-traded funds, and derivatives.

Related Terms:
Dow Jones Industrial Average
Index
Nasdaq
New York Stock ExchangeNYSE
Stock Market



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