Amex (Noun)
Meaning
A stock exchange in New York.
Classification
Nouns denoting man-made objects.
Examples
- The American Stock Exchange, also known as Amex, was a major stock exchange in New York City until its acquisition by the New York Stock Exchange in 2008.
- Many people speculate about when the New York Stock Exchange will rebrand the Amex to better align with its parent company.
- The Amex, now part of the NYSE American division, is known for listing many small and mid-cap companies, including companies involved in futures and options trading.
- Investors lost confidence in the exchange in the early 2000s, leading to the eventual sale of the Amex to the NYSE.
- While the physical trading floor of the Amex on Broad Street ceased operations in 2007, the legacy of the exchange lives on in the many companies that still trade under the Amex banner.