American Stock Exchange (AMEX)

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American Stock Exchange (AMEX) - one of the most popular stock exchanges in the world, which is currently the second largest for the United States. Its history AMEX began in the early 20th century, in 1911, when the New York Curb Market Association, the ancestor of the modern-day New York Curb Market Association, grew out of a company of stock traders in New York City that traded on city boulevards and avenues. American Stock Exchange.

History of the American Stock Exchange (AMEX)

However, its current name American Stock Exchange (AMEX) exchange received not so long ago, in 1953, and in the following years has been actively changing the image of the American stock exchangesThe first time, we were able to make changes that our competitors would then use as an example.

So, in the 1980s, which, frankly, were far from the best for stock exchanges, AMEX raised the level of exchange margin to provide a new guarantee mechanism. In addition, a new maximum limit was introduced on the allowable drop in stock prices before the close of trading on the exchange, to safeguard companies from going bankrupt and prevent the market from succumbing to panic.

In the 1990s. American Stock Exchange was the first in the world to introduce an electronic trading system using wireless terminals. It was a truly historic event and an invaluable contribution, which in many ways changed the approach to various exchange trading for many years.

AMEX has also had a difficult time, when in 1998 it was acquired by NASDAQ. However, this period was also overcome - the shareholders American Stock Exchange in 2004, they bought it out. There have also been moments of severe decline - with the emergence of the NASDAQ American Stock Exchange felt a serious outflow of companies, which literally froze its development for 10 years. Saved by AMEX activation of trade in government bonds, futuresThe company's business is not limited to the listing of foreign companies, options and other derivatives, as well as the listing of foreign companies on the stock exchange.

Features of the American Stock Exchange

Now on the American Stock Exchange about 10% of the total volume of transactions in stocks are made, it is arranged in the form of an auction. The peculiarity of American Stock Exchange is the fact that it presents mainly the shares of medium and small businesses, i.e. developing companies. This is due to the rather loyal conditions for the company's listing, as opposed to New York Stock Exchange (NYSE).