AMEX Has Been Acquired
- Thread starter lukematt
- Start date
Man, there was a time when this was <i>the</i> "high flyer" market, akin to the Nasdaq in the 1990s-2000s. Just goes to show you, stay ahead of the competition or become virtually irrelevant! OK, that isn't entirely true, they do trade a great deal in ETFs. Outside of the Philly, weren't they also the next oldest stock market, as the Curb exchange?
The Amex doesn't even try to get stock listings anymore. I remember back when a Nasdaq stock would move "up" to the Amex, now stocks on the Amex move "up" by getting listed on the Naz. As a matter of fact, now that I think of it, all stocks on the Naz used to be reffered to as OTC instead of listed. Only stocks on the Amex and NYSE were considered listed.
ETF's have seen their better days too. I've noticed some of them have folded. There used to be a shitload of Wisdom Tree funds, what ever happened to them? I also wonder what happened to a small shareholder who held an odd lot of an ETF that dissolved. If he held 20 shares of an ETF that was made up of more than 20 companies, what ended up in his account? I never really thought ETF's were a good thing. The more higher volume ones will last, but I think most of them will fold over the next few years.
ETF's have seen their better days too. I've noticed some of them have folded. There used to be a shitload of Wisdom Tree funds, what ever happened to them? I also wonder what happened to a small shareholder who held an odd lot of an ETF that dissolved. If he held 20 shares of an ETF that was made up of more than 20 companies, what ended up in his account? I never really thought ETF's were a good thing. The more higher volume ones will last, but I think most of them will fold over the next few years.
This is NOT news, it is more like history from 9 months ago my friend! A $260mm deal, not exactly earth shattering.
New York, Jan. 17, 2008 - NYSE Euronext (NYSE Euronext: NYX), the world's largest and most liquid exchange group, has entered into a definitive agreement to acquire the American Stock Exchange® (Amex®).
http://www.amex.com/
From an NYSE Euronext press release dated October 6, 2008:
"NYSE Alternext US to Delist Securities of Debt Resolve, Inc.
About NYSE Alternext US LLC
Formerly known as the American Stock Exchange, it was acquired by NYSE Euronext on October 1, 2008, and its name was changed to NYSE Alternext US LLC. The market offers trading across a full range of equities, options, and exchange traded funds ("ETFs"), including structured products and HOLDRS."
When deals are announced and when deals close are two different things, and a lot can happen in between, my friend!
Is the amount of the deal the most important factor?
Back to the original question: good, bad, or unimportant?
c'est la vie amex. thieves slip quietly into the night under different names