American Stock Exchange - Definition

Abbreviated as AMEX refers to the second-largest stock exchange in the U.S., after the New York Stock Exchange (NYSE). In general, the listing rules are a little more lenient than those of the NYSE, and thus the AMEX has a larger representation of stocks and bonds issued by smaller firms than the NYSE. It originated when brokers began meeting on the curb outside the NYSE in Order to trade stocks that failed to meet the Big Board's stringent listing requirements, but the AMEX now has its own trading Floor. In 1998 the parent firm of the Nasdaq purchased the AMEX and combined their markets, although the two continue to operate separately. The exchange is also known as Curb.



Terms near "American Stock Exchange"

American-style option
AMEX
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