The New York and American stock exchanges share much common ground in New York City’s Lower Manhattan. The Amex evolved from the older NYSE and for many years the two exchanges operated in similar fashion, with trading floors only a few blocks apart. While the NYSE continues its traditional pattern of buying and selling stocks, the Amex has evolved into a market for specialty products.
Merge
In 2006, the NYSE created NYSE Euronext, becoming itself a publicly traded stock company rather than a membership exchange and incorporating the Archipelago electronic stock exchange. In 2008, Euronext added the Amex to the group. Today both the NYSE and Amex operate trading floors in their historic Wall Street buildings but also offer electronic trading systems.