American Stock Exchange (redirected from American Exchange)

American Stock Exchange (AMEX)

Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. Once a marketplace for securities not reputable enough for the New York Stock Exchange, it became equally respectable, with its own listing admissions requirements. In 1998 it merged with the National Association of Securities Dealers (NASD), then-owner of the NASDAQ exchange, to form the Nasdaq-Amex Market Group. After NASD sold its interest in the NASDAQ in 2000, AMEX remained a NASD subsidiary.