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Encyclopedia > American Stock Exchange
American Stock Exchange
(U.S. National Historic Landmark)
The American Stock Exchange
Location: 86 Trinity Pl, Lower Manhattan, New York City, New York[1]
Coordinates: 40°42′30″N 74°00′48″W / 40.70833, -74.01333Coordinates: 40°42′30″N 74°00′48″W / 40.70833, -74.01333
Built/Founded: 1921, expanded in 1931 [2]
Architectural style(s): Art Deco[2]
Designated as NHL: June 2, 1978 [2]
Added to NRHP: June 2, 1978 [3]
NRHP Reference#: 78001867
Governing body: American Stock Exchange


The American Stock Exchange (AMEX) is an American stock exchange situated in New York. AMEX is a mutual organization, owned by its members. Until 1929 it was known as the New York Curb Exchange.[4] On 2008-01-17, NYSE Euronext announced it would acquire the American Stock Exchange for $260 million in stock.[5] For other uses of terms redirecting here, see US (disambiguation), USA (disambiguation), and United States (disambiguation) Motto In God We Trust(since 1956) (From Many, One; Latin, traditional) Anthem The Star-Spangled Banner Capital Washington, D.C. Largest city New York City National language English (de facto)1 Demonym American... This article or section needs additional references or sources to improve its verifiability. ... Wikipedia does not have an article with this exact name. ... Woolworth Building, looking south along Broadway Lower Manhattan, from the Brooklyn Bridge, 2005 Rigid airship the USS Akron over Lower Manhattan Lower Manhattan is the southernmost part of the island of Manhattan, the main island and center of business and government of the City of New York. ... New York, New York and NYC redirect here. ... This article is about the state. ... Map of Earth showing lines of latitude (horizontally) and longitude (vertically), Eckert VI projection; large version (pdf, 1. ... Asheville City Hall. ... This article or section needs additional references or sources to improve its verifiability. ... is the 153rd day of the year (154th in leap years) in the Gregorian calendar. ... Year 1978 (MCMLXXVIII) was a common year starting on Sunday (link displays the 1978 Gregorian calendar). ... A typical plaque showing entry on the National Register of Historic Places. ... is the 153rd day of the year (154th in leap years) in the Gregorian calendar. ... Year 1978 (MCMLXXVIII) was a common year starting on Sunday (link displays the 1978 Gregorian calendar). ... New York, New York and NYC redirect here. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance to the Gregorian calendar. ... is the 17th day of the year in the Gregorian calendar. ... NYSE Euronext, Inc. ...

Contents

History

The Exchange traces its roots back to colonial times when stock brokers created outdoor markets in New York City to trade new government issued securities. The AMEX started out in 1842 as such a market at the curbstone on Broad Street near Exchange Place. The curb brokers gathered around the lamp posts and mail boxes, resisting wind and weather, putting up lists of stocks for sale. As trading activity increased so did the volume of the transactions; the shouting reached such a high level that stock hand signals had to be introduced so that the brokers could continue trading over the din. In 1921 the market was moved indoors into the building at 86 Trinity Place, Manhattan, where it still resides. The hand signals remained in place for decades even after the move, as a means of covenient communication. The building was declared a National Historic Landmark in 1978.[2][6] In general, the word colonial means of or relating to a colony. In United States history, the term Colonial is used to refer to the period before US independence. ... A Stock broker sells or buys stock on behalf of a customer. ... For security (collateral), the legal right given to a creditor by a borrower, see security interest A security is a fungible, negotiable instrument representing financial value. ... For other uses, see Stock (disambiguation). ... This article is about the borough of New York City. ... This article or section needs additional references or sources to improve its verifiability. ...


Market

AMEX's core business has shifted over the years from stocks to options and Exchange-traded funds, although it continues to trade small to mid-size stocks. An effort in the mid-1990s to initiate an Emerging Company Marketplace ended in failure, as the reduced listing standards (beyond the existing lenient AMEX standards) caused penny stock promoters to move their scams to a national exchange. In the mid 1990s the exchange was dogged by allegations of trading improprieties, which were highlighted by BusinessWeek in 1999.[1]. In 1998, the American Stock Exchange merged with the National Association of Securities Dealers (operators of NASDAQ) to create "The Nasdaq-Amex Market Group" where AMEX is an independent entity of the NASD parent company. After tension between the NASD and AMEX members, the latter group bought out the NASD and acquired control of the AMEX in 2004. Exchange-traded funds (or ETFs) are open-ended investment companies that can be traded at any time throughout the course of the day. ... Penny stocks are common stocks that trade for less than $5 a share. ... BusinessWeek is a business magazine published by McGraw-Hill. ... NASDAQ in Times Square, New York City. ...


Out of the three major American stock exchanges, the AMEX is known to have the most liberal policies concerning company listing, as most of its companies are generally smaller compared to the NYSE and NASDAQ. The Amex also specialises in the trading of ETFs, and hybrid/structured securities. The majority of US listed ETF's are traded at the AMEX including the SPDR and most Powershares. To meet Wikipedias quality standards, this article or section may require cleanup. ...


In 2005, the AMEX attempted to popularize an American implementation of the Canadian income trust model. Listed Equity Income Hybrid Securities, (more commonly known as Income Deposit Securities) listed on the AMEX are B & G Foods Holding Corp. (BGF), Centerplate, Inc. (CVP), Coinmach Service Corp. (DRY), and Otelco Inc. (OTT). Recently Coinmach Service Corp, has been attempting to restructure itself away from being an income trust. An income trust is an investment trust that holds income-producing assets. ...


The large companies listed on the AMEX include British American Tobacco (ADR) (BTI), Imperial Oil Limited (IMO), Seaboard Corporation (SEB) and Bio-Rad Laboratories (BIO). Seaboard is notable for not having split its shares since becoming publicly listed; shares of SEB trade for around $1,590 (2008-3-26). British American Tobacco Plc (LSE: BATS, AMEX: BTI, KLSE: BAT) is the second largest listed tobacco company in the world. ... Imperial Oil Limited TSX: IMO AMEX: IMO is Canadas largest petroleum company. ... Seaboard Corporation (AMEX: SEB) is a diversified conglomerate that operates worldwide a number of agriculture and ocean transport businesses. ...


The AMEX also produces stock market indices; perhaps the most notable of these is an index of stocks of internet companies now known as the Inter@ctive Week Internet Index. Recently, the AMEX has also developed a unique set of indices known as Intellidexes, which attempt to gain alpha by creating indices weighted on fundamental factors. The AMEX Composite, a value-weighted index of all stocks listed on the exchange, established a record monthly close of 2,069.16 points on November 30, 2006. A comparison of three major stock indices: the NASDAQ Composite, Dow Jones Industrial Average, and S&P 500. ... is the 334th day of the year (335th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ...


Located near the World Trade Center, the operation of the AMEX was temporarily affected by the 11 September 2001 attacks. The Exchange's operations were temporarily shifted to the Philadelphia Stock Exchange. For other uses, see World Trade Center (disambiguation). ... A sequential look at United Flight 175 crashing into the south tower of the World Trade Center The September 11, 2001 attacks (often referred to as 9/11—pronounced nine eleven or nine one one) consisted of a series of coordinated terrorist[1] suicide attacks upon the United States, predominantly... The Philadelphia Stock Exchange (PHLX) is the oldest stock exchange in the United States. ...


See also

Exchange-traded funds (or ETFs) are open-ended investment companies that can be traded at any time throughout the course of the day. ... This is a list of stock exchanges. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... The NASDAQ MarketSite in Times Square. ...

Further reading

  • Sobel, Robert (1970). The Curbstone Brokers: The Origins of the American Stock Exchange. ISBN 1893122654. 
  • Sobel, Robert (1972). AMEX: A History of the American Stock Exchange. ISBN 1893122484. 

Robert Sobel in a promotional photo for his publisher. ...

References

  1. ^ New+York County listings at the National Register of Historic Places
  2. ^ a b c d American Stock Exchange. National Historic Landmark summary listing. National Park Service (2007-09-14).
  3. ^ National Register Information System. National Register of Historic Places. National Park Service (2007-01-23).
  4. ^ Klein, Maury. Rainbow's End: The Crash of 1929. Oxford University Press. ISBN 0-19-513516-4. 
  5. ^ NYSE Euronext to acquire American Stock Exchange. Business Wire (2008-01-16).
  6. ^ George R. Adams (March, 1977), National Register of Historic Places Inventory-Nomination: American Stock ExchangePDF (836 KiB), National Park Service and Accompanying photos, from 1925-1976PDF (1.81 MiB)

A typical plaque showing entry on the National Register of Historic Places. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 257th day of the year (258th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 23rd day of the year in the Gregorian calendar. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance to the Gregorian calendar. ... is the 16th day of the year in the Gregorian calendar. ... “PDF” redirects here. ... A kibibyte (a contraction of kilo binary byte) is a unit of information or computer storage, commonly abbreviated KiB (never kiB). 1 kibibyte = 210 bytes = 1,024 bytes The kibibyte is closely related to the kilobyte, which can be used either as a synonym for kibibyte or to refer to... “PDF” redirects here. ... MiB redirects here. ...

External links

A typical plaque showing entry on the National Register of Historic Places. ... The History of the National Register of Historic Places began in 1966 when the United States government passed the National Historic Preservation Act (NHPA), which created the National Register of Historic Places (NRHP). ... Clockwise from bottom left: a site, a building, a structure and an object. ... Helvenston House, part of the Ocala Historic District, in Ocala, Florida. ... Broadly defined, a contributing property is any property, structure or object which adds to the historical intergrity or architectural qualities that make a historic district, listed locally or federally, significant. ... Image File history File links US-NationalParkService-ShadedLogo. ... This is a list of entries on the National Register of Historic Places. ... The National Park System of the United States is the collection of physical properties owned or administered by the National Park Service. ... A stock market is a market for the trading of company stock, and derivatives of same; both of these are securities listed on a stock exchange as well as those only traded privately. ... For other uses, see Stock (disambiguation). ... Common stock, also referred to as common shares, are, as the name implies, the most usual and commonly held form of stock in a corporation. ... Preferred stock, also called preferred shares or preference shares, is typically a higher ranking stock than common stock, and its terms are negotiated between the corporation and the investor. ... Outstanding stock is common stock that has been authorized and issued by a corporation and purchased by investors. ... A treasury stock or reacquired stock is stock which is bought back by the issuing company, reducing the amount of outstanding stock on the open market (open market including insiders holdings). ... A market maker is a person or a firm which quotes a buy and sell price in a financial instrument or commodity hoping to make a profit on the turn or the bid/offer spread. ... A Floor Trader checking market prices A Floor Trader is a member of a stock or commodities exchange who trades on the floor of that exchange for his or her own account. ... A Floor Broker is a member of an exchange who is an employee of a member firm and executes orders, as agent, on the floor of the exchange for clients. ... This is a list of stock exchanges. ... There are several methods used to value companies and their stocks. ... Gordon growth model is a variant of the discounted dividend model, a method for valuing a stock or business. ... The dividend yield on a company stock is the companys annual dividend payments divided by its market cap, or the dividend per share divided by the price per share. ... Income per share is the bottom line net income divided by the number of shares outstanding. ... The book value of an asset or group of assets is sometimes the price at which they were originally acquired (historic cost), in many cases equal to purchase price. ... Earnings yield is the quotient of earnings per share divided by the share price. ... The Beta coefficient, in terms of finance and investing, is a measure of a stock (or portfolio)’s volatility in relation to the rest of the market. ... In finance, a financial ratio is a ratio of selected values on a enterprises financial statements. ... The price/cash flow ratio (also called price-to-cash flow ratio or P/CF), is a ratio used to compare a companys market value to its cash flow. ... The P/E ratio (price-to-earnings ratio) of a stock (also called its earnings multiple, or simply multiple, P/E, or PE) is used to measure how cheap or expensive its share price is. ... The PEG ratio is a valuation metric for determining the relative trade-off between the price of a stock, the earnings generated per share (EPS), and the companys expected future growth. ... Price-to-sales ratio, P/S ratio, or PSR, is a valuation metric for stocks. ... Price-to-book ratio or P/B ratio, is a ratio used to compare a stocks market value to its book value. ... The debt to equity ratio (D/E) is a financial ratio indicating the relative proportion of equity and debt used to finance a companys assets. ... Return on capital, also known as Return On Invested Capital (ROIC) is defined as NOPLAT / Invested Capital usually expressed as a percentage. ... Return on Equity (ROE, Return on average common equity) measures the rate of return on the ownership interest (shareholders equity) of the common stock owners. ... Dow Theory is a theory on stock price movements that provides a basis for technical analysis. ... It has been suggested that some of the information in this articles Criticism or Controversy section(s) be merged into other sections to achieve a more neutral presentation. ... Fundamental analysis of a business involves analyzing its income statement, financial statements and health, its management and competitive advantages, and its competitors and markets. ... Technical analysis is the study of market action, primarily through the use of charts, for the purpose of forecasting future price trends. ... In some stock markets, the Mark Twain effect is the phenomenon of stock returns in October being lower than in other months. ... The January effect (sometimes called year-end effect) is an unexplained financial phenomenon of most stock markets having significantly higher returns in January than in other months of the year. ... In finance, the efficient market hypothesis (EMH) asserts that financial markets are informationally efficient, or that prices on traded assets, e. ... Arbitrage pricing theory (APT), in Finance, is a general theory of asset pricing, that has become influential in the pricing of shares. ... It has been suggested that ex-dividend date be merged into this article or section. ... Stock split refers to a corporate action that increases the number of shares in a public company. ... Growth Stocks in finance, are stocks that appreciate in value and yield a high return on equity (ROE). ... Invest redirects here. ... Speculation involves the buying, holding, and selling of stocks, bonds, commodities, currencies, collectibles, real estate, derivatives or any valuable financial instrument to profit from fluctuations in its price as opposed to buying it for use or for income via methods such as dividends or interest. ... A Trade involves the buying, holding, selling, and short-selling of stocks, bonds, commodities, currencies, derivatives or any valuable financial instrument to profit from fluctuations in its price as opposed to buying it for use or for income via methods such as dividends or interest. ... Day trading refers to the practice of buying and selling financial instruments within the same trading day such that all positions will usually (not necessarily always) be closed before the market close of the trading day. ... A stock trader or a stock investor is an individual or firm who buys and sells stocks or bonds (and possibly other financial assets) in the financial markets. ... Wikipedia does not yet have an article with this exact name. ...

  Results from FactBites:
 
American Stock Exchange Site Disclaimer (5348 words)
American Stock Exchange®, Amex®, AEMI®, Amex Trader®, Amex Online®, Amex IR Alliance®, Intellidex®, Major Market Index®, XMI®, Institutional Index®, Japan Index®, Amex Hong Kong 30 Index®, Opportunity Made Fresh Daily®, and EQ Priority® are registered service/trademarks of the Amex.
Neither the American Stock Exchange LLC (Amex), ComStock, their affiliates, nor any third-party licensor shall have any liability for the accuracy or completeness of the information or software furnished through amex.com or for delays, interruptions or omissions therein, nor for any lost profits, indirect, special or consequential damages.
Exchange traded funds are subject to risks similar to those of stocks.
Stock Exchange - MSN Encarta (1592 words)
Major stock exchanges in the United States include the New York Stock Exchange (NYSE) and the American Stock Exchange (AMEX), both in New York City.
Where a stock is traded depends on both the requirements of the exchange and the decision of the corporation.
Stock exchanges limit the number of available seats, and the cost of a seat on an exchange is high.
  More results at FactBites »

 
 

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