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NYSE To Acquire Amex
By Journal of Indexes Staff

In January, NYSE Euronext announced it would shell out $260 million for the American Stock Exchange, payable to Amex seat-holders in shares of NYSE Euronext stock. In addition, NYSE will be selling the Amex headquarters at Trinity Place, with the proceeds going to Amex seat-holders as well.

The NYSE and the Amex are the two leading venues for ETF listings in the U.S.: The Amex has nearly 400 listings while the NYSE has roughly 250. The two exchanges have different strengths with regard to their ETF listings: The Amex is known for offering strong support and services to its ETF-listing clients, including dedicated floor specialists that help maintain tight markets in the early days of ETF trading; the NYSE brings power and prestige, along with its ultrafast NYSE Arca electronic trading system.
 

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