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Going Public – AMEX – American Stock Exchange – Page 23

In 1921 the roar of the market activities on the street dictated a move indoors into the building where it still resides on Trinity Place in New York City. The AMEX – or American Stock Exchange – was referred to as the New York Curb Exchange from 1929 to 1953 when it changed its name to the American Stock Exchange.

For many years the Amex was a marketplace for the securities of companies that could not meet the high standards of the New York Stock Exchange. Later, it became an even more respectable exchange as it introduced its own set of listing requirements for securities and admissions standards for members of the exchange.

In 1998, the Amex merged with the National Association of Securities Dealers (NASD), the same organization that manages the NASDAQ stock market. The combined companies, however, continued to operate separate exchanges.

In late 2003 the Amex regained its independence. After only six years under the control of NASD, the Amex Membership Corporation completed an agreement to transfer control of the exchange back to its membership. The Amex claims to be the second largest options exchange in the world.

Here’s more about “AMEX – American Stock Exchange.”