The American Stock Exchange
The American Stock Exchange (or AMEX for short) is located in New York City and is the third largest stock exchange in the U.S. after the NYSE and the NASDAQ. It handles about 10% of all securities traded in the U.S.
The exchange is known as having the least strict listing requirements among the three top American exchanges, which results in many small companies joining the exchange.
As an auction market, the AMEX conducts its business on a trading floor through brokers.