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Another name for the American Stock Exchange (AMEX).
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Informal for the American Stock Exchange, which, prior to its 2008 acquisition by NYSE Euronext, 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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved