American Stock Exchange - AMEX

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DEFINITION of 'American Stock Exchange - AMEX'

The third-largest stock exchange by trading volume in the United States. In 2008 it was acquired by the NYSE Euronext and became the NYSE Amex Equities in 2009. The AMEX is located in New York City and handles about 10% of all securities traded in the U.S.

BREAKING DOWN 'American Stock Exchange - AMEX'

The AMEX name was first changed to NYSE Alternext US, then became known as NYSE Amex Equities. It used to be a strong competitor to the New York Stock Exchange, but that role has since been filled by the Nasdaq. Today, almost all trading on the AMEX is in small-cap stocks, exchange-traded funds and derivatives.

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RELATED FAQS
  1. Does all common stock trade on exchanges?

    Not all common stock trades on exchanges. In addition to trading on exchanges, common stock is traded in over-the-counter ... Read Full Answer >>
  2. Why do some stock symbols have three letters while others have four? What is the ...

    Stocks found on the New York and American Stock Exchange will normally have symbols with three letters or fewer. On the other ... Read Full Answer >>
  3. Why would a corporation issue convertible bonds?

    A convertible bond represents a hybrid security that has bond and equity features; this type of bond allows the conversion ... Read Full Answer >>
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    A greenfield investment is a particular type of investment where an international company begins a new operation in a foreign ... Read Full Answer >>
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    Advantages of greenfield investments include increased control, the ability to form marketing partnerships and the avoidance ... Read Full Answer >>
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