American Stock Exchange

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The American Stock Exchange (AMEX) is a stock exchange in New York, although not as big or well known as the New York Stock Exchange. AMEX was once a subsidiary of NASD, but in the spring of 2004 the members of AMEX voted to buy it from NASD. AMEX provides investors with the ability to trade in ADRs, bonds, and options. AMEX is also a leader in offering exchange traded funds. In early 2008 the New York Stock Exchange announced plans to acquire the American Stock Exchange.