NYSE American

NYSE American
The American Stock Exchange Building
TypeStock exchange
LocationNew York City, New York, United States
Founded1908; 116 years ago (1908) (as New York Curb Market Agency)
OwnerIntercontinental Exchange
CurrencyUnited States dollar
WebsiteNYSE American

NYSE American, formerly known as the American Stock Exchange (AMEX), and more recently as NYSE MKT, is an American stock exchange situated in New York City. AMEX was previously a mutual organization, owned by its members. Until 1953, it was known as the New York Curb Exchange.[1]

NYSE Euronext acquired AMEX on October 1, 2008,[2] with AMEX integrated with the Alternext European small-cap exchange and renamed the NYSE Alternext U.S.[3] In March 2009, NYSE Alternext U.S. was changed to NYSE Amex Equities. On May 10, 2012, NYSE Amex Equities changed its name to NYSE MKT LLC.[4]

Following the SEC approval of competing stock exchange IEX in 2016, NYSE MKT rebranded as NYSE American and introduced a 350-microsecond delay in trading, referred to as a "speed bump", which is also present on the IEX.[5][6][7]

  1. ^ Klein, Maury (2001). Rainbow's End: The Crash of 1929. Oxford University Press. ISBN 0-19-513516-4.
  2. ^ "NYSE Euronext Completes Acquisition of American Stock Exchange". New York Stock Exchange. October 1, 2008. Archived from the original on October 8, 2008. Retrieved September 10, 2017.
  3. ^ "Notice of Upcoming NYSE System Changes To Support the NYSE/Amex Integration (NYSE Alternext U.S.)". New York Stock Exchange. July 7, 2008. Archived from the original on September 15, 2008.
  4. ^ "NYSE Amex Equities Information". New York Stock Exchange. Archived from the original on March 19, 2011. Retrieved September 10, 2017.
  5. ^ Matt, Turner (January 25, 2017). "The New York Stock Exchange is slowing down trading for a key market". Business Insider. Axel Springer SE. Retrieved September 2, 2017.
  6. ^ Massa, Annie (July 24, 2017). "NYSE American Opens to Take on Upstart Exchange IEX". Bloomberg News. Bloomberg L.P. Retrieved September 2, 2017.
  7. ^ Frank, Chaparro (July 25, 2017). "The New York Stock Exchange is out to crush America's newest stock exchange". Business Insider. Axel Springer SE. Retrieved September 2, 2017.