DEFINITION of 'NYSE Amex Equities'

NYSE Amex Equities is an American stock exchange best known for trading small cap, micro cap and exchange-traded funds. The most active shares on the exchange operate in energy, mining, medical, and pharmaceutical sectors. NYSE Amex Equities experienced many name changes since it started in 1849 and today goes by NYSE American, which operates as a fully-electronic exchange designed to limit latency speeds. 

BREAKING DOWN 'NYSE Amex Equities'

NYSE Amex Equities was rebranded in 2008 after Euronext acquired the former American Stock Exchange. The change to NYSE Amex Equities was the first in 50 years when it was renamed the American Stock Exchange. At one time, the American Stock Exchange was the second-largest exchange in the United States, after the New York Stock Exchange. That role has since been filed by NASDAQ.

After several acquisitions, the NYSE AMEX Equities landed on the name NYSE American. It is now a fully electronic exchange that facilitates institutional trading with products like an electronic designated market maker assigned to each listed company and a delay mechanism to encourage midpoint trading. This unique blend of services provides investors with an additional method to enter and exit positions while limiting adverse selection. In 2016, NYSE American announced plans to introduce a 350-microsecond speed bump in trading small and micro cap stocks, a concept made famous by IEX's founder. 

History of NYSE Amex Equities

The original version of the NYSE Amex Equities was believed to have started in 1849 when trades took place outdoors. For this reason, the exchange adopted the name New York Curb Agency to reflect the unorthodox transactions. It moved indoors 20 years later and received the name New York Curb Exchange until 1953, at which time the exchange changed its name to American Stock Exchange. At this point, the American Stock Exchange was the second-largest in the United States, second to the New York Stock Exchange.

In 2009, Euronext purchased the exchange and renamed it NYSE Amex Equities. The name only lasted a few years when it became the NYSE MKT. After the SEC approval of IEX, NYSE MKT rebranded to NYSE American to reflect the newly implemented speed bump.

NYSE American was a member of the National Association of Securities Dealers (NASD) from 1998 to 2004 before the exchange returned to private ownership. In early 2017, the exchange announced plans to end floor trading as part of a transition to a new technology platform. This breaks from tradition of brokers roaming the exchange floor during normal trading hours.

RELATED TERMS
  1. Speculation Index

    The speculation index has historically been the ratio of trading ...
  2. National Stock Exchange

    National Stock Exchange could refer to either the first U.S. ...
  3. Stock Market | Investopedia

    The stock market consists of the exchanges or OTC markets in ...
  4. NYSE Arca

    NYSE Arca is an electronic securities exchange in the U.S. on ...
  5. Exchange

    An exchange is a marketplace in which securities, commodities, ...
  6. Listed Security

    A listed security is a financial instrument that is traded through ...
Related Articles
  1. Investing

    AmEx Delivers Revenue and Earnings Beats for Q1

    In line with some of its brethren in the large-cap financials space, American Express (NYSE: AXP) reported on a first quarter that exceeded projections for revenue and profitability. For the ...
  2. Insights

    Closing Down The NYSE: What Does It Take?

    The New York Stock Exchange has shut its doors multiple times in its long and storied history. We’ll look at when and why the NYSE in this article.
  3. Investing

    Analysts Expect AmEx's Personal Loan to Thrive

    American Express started offering personal loans to cardholders, and analysts believe that's a good thing.
  4. Investing

    NYSE Trading Speed Bump to Counter Flash Boys

    NYSE implements "speed bump" for trading in effort to stymie HFT and win new business.
  5. Investing

    ETF Wars: NYSE Under Siege

    The NYSE dominates 92% of the $2.3 trillion ETF market, but rivals are closing in
  6. Investing

    Why Companies Change Exchanges

    Companies don't elect to leave an exchange so much as they're asked. Find out why.
  7. Investing

    Why Do Companies Choose NASDAQ for Their IPO?

    The NYSE is known for its prestige, so why do some companies opt to list on the NASDAQ instead?
  8. Investing

    NYSE Glitch Halts Trading in 199 Tickers (ICE)

    A technical glitch described as a "critical issue" has halted trading in 199 tickers on the New York Stock Exchange.
  9. Insights

    Getting to Know the Stock Exchanges

    Here are the answers to all the questions you have about stock exchanges but are too afraid to ask.
RELATED FAQS
  1. What are the differences between AMEX and Nasdaq?

    While similar in purpose, the American Stock Exchange (AMEX) and the National Association of Securities Dealers Automated ... Read Answer >>
  2. What are all of the securities markets in the U.S.A?

    Securities can be bought and sold via a number of exchanges in the US. Learn about the major and somewhat lesser-known U.S. ... Read Answer >>
  3. What are the advantages and disadvantages of listing on the Nasdaq versus other stock ...

    Discover some of the primary advantages and disadvantages that exist for companies listed on the Nasdaq exchange rather than ... Read Answer >>
  4. Move from an OTC to a major exchange

    In order to move a company from over-the-counter market to a major exchange, a number of conditions must be met to being ... Read Answer >>
  5. What does a New York Stock Exchange membership entail, and why is it known as 'owning ...

    Owning a seat on the NYSE enables a person to trade on the floor of the exchange, either as an agent for someone else or ... Read Answer >>
Trading Center