American Stock Exchange (AMEX): Definition, History, Current Name

The American Stock Exchange (AMEX) is a stock exchange in the United States. It is the third-largest stock exchange in the United States by market capitalization, after the New York Stock Exchange (NYSE) and Nasdaq. The AMEX was founded in 1842 as the New York Stock and Exchange Board. It was renamed the American Stock Exchange in 1953. The AMEX is owned by Intercontinental Exchange (ICE).

The AMEX lists stocks of small and mid-sized companies. It also lists exchange-traded funds (ETFs), options, and warrants. The AMEX is located in New York City.

The AMEX has a long history. It was founded in 1842 as the New York Stock and Exchange Board. The exchange was originally located at 22 Wall Street. In 1865, the exchange moved to its current location at 86 Trinity Place.

The AMEX has seen its share of ups and downs over the years. In 1929, the exchange was hit hard by the stock market crash. The exchange also struggled during the Great Depression. However, the AMEX survived these challenges and continued to operate.

In 1953, the exchange was renamed the American Stock Exchange. The AMEX continued to grow in the 1950s and 1960s. In 1971, the exchange began trading options. In 1975, the exchange began trading warrants.

The AMEX continued to grow in the 1980s and 1990s. In 1987, the exchange merged with the Philadelphia Stock Exchange. In 1998, the exchange merged with the Pacific Stock Exchange.

In 2007, the AMEX was acquired by Intercontinental Exchange (ICE). ICE is a global exchange operator. ICE also owns the New York Stock Exchange (NYSE).

The AMEX is a major stock exchange in the United States. It lists stocks of small and mid-sized companies. It also lists exchange-traded funds (ETFs), options, and warrants. The AMEX is located in New York City.