Term: AMEX COMPOSITE INDEX

This is an index of approximately 250 shares trading on the NYSE Amex exchange. The NYSE Amex exchange started life as the “curb” exchange because it consisted of trade in shares which were too small to list on the New York Stock Exchange (NYSE) and so had to trade outside on the curb of the pavement where brokers used specific lamp posts to make a market in certain securities. So today it is the third largest national exchange in America after the NYSE and the Nasdaq.

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