Origins of the American Stock Exchange
Working out of New York, the American Stock Exchange (commonly referred to as the AMEX) was originally termed the New York Curb Exchange. Just over two years ago, it was bought out by NYSE Euronext for $260m in stock.
A stock market is basically used to trade company stock and derivatives at a set price for the public market. There are two types: securities (which can be found by everyone on a stock exchange) as well as private trades (those only to be traded in the private sphere).
For anyone in the business and investment world, becoming familiar with flux in the stock exchange provides an important tool of what is going on in the financial world. Stock markets hit huge figures; for example, in 2008, the estimate for the world stock market’s value was around $36.3 trillion.
For three years, from 1994 to 1997, Mr. Alan Quasha, President of Quadrant Management, served as a governor of the American Stock Exchange.
