| the second largest stock exchange in the U.S., located in New York City. Abbreviation: ASE, A.S.E. |
American Stock Exchange - AMEX
The third-largest stock exchange by trading volume in the United States. The AMEX is located in New York City and handles about 10% of all securities traded in the U.S.
Investopedia Commentary
The AMEX has now merged with the Nasdaq. It was known as the "curb exchange" until 1921.
It used to be a strong competitor to the New York Stock Exchange, but that role has since been filled by the Nasdaq. Today, almost all trading on the AMEX is in small-cap stocks, exchange-traded funds and derivatives.
Related Links
Stock Basics Tutorial
Index Investing Tutorial
See also: Curb trading, Derivative, Exchange-Traded Fund - ETF, Index Option, Nasdaq, New York Stock Exchange - NYSE, Small Cap, Toronto Stock Exchange - TSX
Also spelled: AMEX