Which is about what we saw last year when the finance club toured the AMEX.
"...the Amex has shrunk to 427 domestic companies, 9 percent of all listed U.S. stocks. Its $565 billion in total market cap disappears in the shadows of the N.Y.S.E. ($22.6 trillion) and the Nasdaq ($3.8 trillion). An average day’s worth of trading on the Amex — 90 million shares — can be handled in half an hour at its bigger and more technically savvy rivals. It costs only $211,000 to buy a seat on the exchange, a 65 percent plunge since 2001.
Monday, September 18, 2006
A look at the AMEX
The american Stock Exchange came up in class last week. Thus this article from Fortune, via NY Times is pretty relevant for my classes!