American Stock Exchange Trading Floor

The american stock exchange amex was once the third largest stock exchange in the united states as measured by trading volume.
American stock exchange trading floor. Nyse mkt the new york stock exchange s tiny sibling that has a history stretching back to the 19th century will shut its floor and shift to all electronic trading in the second quarter according. The floor of the stock exchange was once the main location for market transactions. It was home to traders and brokers who did the actual buying selling and negotiating on the physical exchange. Each security traded on the exchange is handled by a specialist.
The facilities to be closed include the nyse equities trading floor and the nyse american options floor in new york as well as the nyse arca trading floor in san francisco. On december 1 of that year the american stock exchange building was closed and both the amex equities and amex options trading floors were moved to the nyse trading floor at 11 wall street. Unlike nasdaq nyse features a physical trading floor where registered traders conduct transactions in person on behalf of large institutions and high value investors. The new york stock exchange will reopen the trading floor to a subset of floor brokers the day after memorial day may 26 according to the exchange s president stacey cunningham.
The exchange at its height handled about 10 of all securities. The american stock exchange as an auction market the amex conducts its business on a trading floor through brokers and specialists. It can be defined as that segment of the market where the trading activities by the dealers in the. The nyse is the largest american stock exchange by volume.