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!

"...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.
Which is about what we saw last year when the finance club toured the AMEX.

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