.jpg)
The American Stock Exchange® (Amex®) today announced that it has been named “Exchange of the Year, Americas” by Structured Products Magazine for excellence in innovative product design and maintaining its position as the premier listing venue for structured product issuers.
The Amex listed 114 new structured products in 2006, the fifth consecutive year it has attracted more than 100 listings to the Exchange. Total Amex listings climbed to 394 in 2006 and an Amex record was set for the highest face value of structured products listed in a year ($4.7 billion). The Amex lists structured products based on custom indexes, well-known indexes (such as the S&P 500 and Nikkei 225), and baskets of stocks, as well as on a single equity, currency and debt issuances. Structured product issuers on the Amex include industry leaders such as Bank of America, Citigroup, Merrill Lynch, Morgan Stanley and Wachovia, among others.
The award was presented to the Amex on May 3rd at the Biltmore Hotel in Coral Gables, Florida in a ceremony honoring leaders in the structured products industry. Structured Products, published by Incisive Media Ltd., is a monthly magazine.
Separately, Amex’s ETF Marketplace was recognized for outstanding achievement in the ETF industry at the third annual 2007 Global ETF Awards® dinner held on April 26th at the New York Hilton in New York City. The Amex was presented with two awards: “Exchange with the Largest Number of Primary Listed ETF Products” and “Most Proactive ETF Exchange.”
“It is an honor for the Amex to be recognized for its expertise and achievement in both structured products and ETFs,” said Cliff Weber, Executive Vice President, Development and Strategy at the Amex. “As the premier marketplace for new and innovative products, the Amex looks forward to continuing to support its issuers in developing and launching new products to serve the investment community.”
