History about American stock exchange (AMEX)

1. American Stock Exchange (AMEX)

2. Present
 The American Stock Exchange (AMEX) is the third-largest
stock exchange by trading volume in the United States.
 In 2008, it was acquired by the NYSE Euronext and
became the NYSE Alternext U.S.
 In 2009, It was renamed as NYSE Amex Equities.
 Later, in 2012, NYSE Amex Equities changed its name to
NYSE MT LLC.
 Euronext is a cross-border European stock exchange,
originally created in 2000 from the merger of the
Amsterdam, Brussels and Paris stock exchange.
 The NYSE Amex is located in New York city and handles
up to 10% of all securities traded in the U.S.
 It was once giving a good competition to the New York
Stock Exchange. But today, almost all trading on the AMEX
is in small-cap stocks, exchange-traded funds and
derivatives.

3. History
 Originally known as
"curbstone brokers,"
the ancestors of today's
NYSE MKT and NYSE
Amex Options market
professionals traded out
in the street in all kinds
of weather – in the rain
and snow, and in the
dog days of summer.
 The American stock
exchange has roots all
the way back to the late
18th century. Brokers
gathered at
coffeehouses and on
the streets to exchange
securities.

4. The Curbstone Brokers
 Traders in the street became known as curbstone
brokers and specialized in trading the stocks of
small and emerging companies.
 In the 19th century the curbside trading was
largely disorganized.
 In 1908, the New York Curb Market Agency was
established to create a framework of rules and
regulations surrounding trading practices.

5. The New York Curb Exchange
 In 1929, the New York
Curb Market became The
New York Curb
Exchange.
 It adopted an additional
set of rules and standards
to govern its practices and
expanded its trading floor
to accommodate the
additional volume.
 In 1950s , a growing
number of new and
emerging market traded
their stocks as the value
of listed companies
jumped from $12 billion in
1950 to $23 billion in 1960

6.  In 1953, The New York
Curb Exchange officially
changed its name to the
American Stock
Exchange.
 Is became known as an
exchange where new
products were developed
and traded.
 In 1975, the AMEX
launched its options
market and began
delivering educational
material discussing the
risks and rewards of this
new product.

7.  In 1993, the American
Stock Exchange
introduced the first ever
exchange traded fund
(ETF), Standard and
Poor’s Depository
Receipts (SPDR)
focused on investing in
the Standard and
Poor’s (S&P) 500 index.
 In 2008, the AMEX
joined the NYSE family
of exchanges and
enhanced its position in
trading equities,
options, ETFs and