Term: AMERICAN STOCK EXCHANGE [AMEX]

Originally an overflow of companies that were too small to list on the New York Stock Exchange, the “Amex” used to trade on the street outside the NYSE with brokers making markets next to specific lamp posts. The inclement weather finally forced the Amex or the “curb” exchange to move inside. Today it is a well organised exchange with over 2500 shares listed. It is the third largest American national stock exchange by number of shares listed, after the NYSE and the Nasdaq.

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