Profile of Major Stock Exchanges in North America (III)

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Profile of Major Stock Exchanges in North America (III)

Paradise of financial innovation—AMEX

AMEX is the second top stock exchange in USA, having many features similar to NYSE—AMEX is restricted somehow in its development just because of such similarity. The scale of the companies listed in AMEX is not very large and its transaction volume is far behind NYSE and NASDAQ. The very feature of AMEX is the transaction of derivative products, for example, the famous exchange trade fund is centralized here for transaction. To sharp its competitive edge against other stock exchanges, AMEX has also presented many new services, for example, each company listed in AMEX shall be assigned with a director responsible for assisting the said company to implement some specific problem-tackling plan for investors. Such director will provide consultancy service to listed companies with respect to stock transaction and corporate governance and other aspects. Additionally, AMEX is striving to attract foreign companies to list here for transaction, and China is one of the key markets to be tapped by AMEX with efforts.