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NYC - FiDi: American Stock Exchange Building | by wallyg
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NYC - FiDi: American Stock Exchange Building

The American Stock Exchange Building, at 86 Trinity Place, was built from 1930-31 by Starrett & Van Vleck. The 16-floor, 218-foot tall Art Deco building is actually a reconstruction of the original Curb Exchange Building, with additional floors, which also designed by Starrett & Van Vleck and built from 1920-1921. The American Stock Exchange continued trading in the building until December 1, 2008 when it was moved to the NYSE Trading floor at 11 Wall Street.

 

The American Stock Exchange (AMEX), now known as the NYSE Amex Equities, was a mutual organization, owned by its members, that traces its roots back to colonial times when stock brokers created outdoor markets to trade new government securities. The AMEX started out as such a market at the curbstone on Broad Street near Exchange Place, with the curb brokers gathering through even the harshest weather conditions. By 1900, millions of dollars' worth of securities were being traded in the streets. Brokers began renting rooms above the street, where they could receive telephone orders and call down to their curb. As trading activity increased, the shouting reached such a high level that special hand signals had to be introduced. In 1921, the New York Curb Market, as it was called then, moved indoors inside and the hand signals remained in place for decades even after the move. In 1929, it became the New York Curb Exchange. In 1953 the Curb Exchange was renamed the American Stock Exchange. In 2008, it merged with the New York Stock Exchange (NYSE Euronext) and was first rebranded NYSE Alternext US and later NYSE Amex Equities.

 

The American Stock Exchange is the only primary marketplace in the United States for both equities and derivative securities. The Amex trades more than 900 issues on its primary list. The Amex trades options on 30 broad-based sector indexes and more than 1,000 domestic and foreign stocks, as well as Long-term Equity AnticiPation Securities® (LEAPS®) on 116 stocks. In addition, the Amex is a leader in listing warrants on foreign currencies and indexes as well as hybrid instruments and other structured products. AMEX's core business has shifted over the years from stocks to options and Exchange-traded funds, although it continues to trade small to mid-size stocks. In 1998, the American Stock Exchange merged with the National Association of Securities Dealers (operators of NASDAQ) to create "The Nasdaq-Amex Market Group" where AMEX is an independent entity of the NASD parent company. After tension between the NASD and AMEX members, the latter group bought out the NASD and acquired control of the AMEX in 2004.

 

National Historic Register #78001867 (1978)

 

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Taken on January 6, 2007