American Stock Exchange (ASE Or AMEX)
What is it? One of the major stock exchanges in the United States. Like the New York Stock Exchange, the AMEX is a central auction market, which means it conducts business on a trading floor where traders buy and sell securities from specialists, or market makers in a specific stock. Starting more than a century ago, it moved indoors to its present Manhattan location in 1921. The AMEX is known as a major market for options as well as stocks.Although the AMEX merged with the National Association of Securities Dealers in 1998, the exchange still operates separately under the newly formed Nasdaq-Amex Market Group, a NASD subsidiary.Added By: Addison
The American Stock Exchange (ASE Or AMEX) definition has been viewed 397 Time(s)!
Send To Friends!
If you'd like to send the American Stock Exchange (ASE Or AMEX) definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of American Stock Exchange (ASE Or AMEX). If you need any more information on this term, please don't hesitate to contact us.