AMEX Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of AMEX, written in plain English, along with examples of how it is used.
What is AMEX?
The American Stock Exchange.
History and Meaning of AMEX
The American Stock Exchange (AMEX), also known as NYSE American, was a stock exchange located in New York City, United States. Founded in the early 1900s, the AMEX was once the third-largest stock exchange in the US, behind the New York Stock Exchange (NYSE) and the Nasdaq. However, in 2008, the AMEX merged with the NYSE, and now operates as the NYSE American.
The AMEX originally started as an alternative to the NYSE, which primarily traded larger, more established companies. The AMEX, on the other hand, specialized in smaller companies, especially those in the technology and biotech sectors. Over time, the AMEX began to compete with the NASDAQ, which also focused on smaller, high-growth companies.
Examples of AMEX
- "I picked up some shares of XYZ on the AMEX today."
- "The AMEX announced that trading will be closed on Monday in observance of Memorial Day."
- "Many of the companies listed on the AMEX are still in the startup phase."
- "The AMEX Composite Index has performed well this quarter."
- "The AMEX was bought out by the NYSE in 2008."
Legal Terms Similar to AMEX
- NYSE (New York Stock Exchange): The largest stock exchange in the US, where companies such as Apple and Coca-Cola are traded.
- NASDAQ: An American stock exchange that specializes in trading technology companies and other high-growth industries.
- Stock Exchange: A marketplace where publicly-traded stocks, bonds, and other securities are bought and sold.