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Glossary of Option Terms: AMEX

AMEX

Definition: American Stock Exchange.  Located in New York and handling around 10% of all securities traded in the United States, the American Stock Exchange is the third largest stock exchange by trading volume.

The AMEX was known as the "curb exchange" until 1921 and was once the strongest competitor of the NYSE.  Since then it has merged with the Nasdaq and all trading done on this exchange is in exchange-traded funds, derivatives and small-cap stocks.

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