The American Stock Exchange® (Amex®) today announced that AEMISM, its new state-of-the-art trading platform, which launched November 6, is fully rolled out and compliant with the “Trading Phase” of the Securities and Exchange Commission’s Regulation NMS, which begins today.
“This was an ambitious undertaking for the American Stock Exchange and I am proud of the work that was achieved to meet the aggressive timetable,” said Neal Wolkoff, Chairman & Chief Executive Officer. “The Amex overhauled its technology and created a new world-class electronic trading platform that is fast, efficient and reliable, and we are looking forward to growing our market share and becoming a more competitive marketplace.”
The Amex completed the migration of all its equities, structured products and exchange traded funds onto AEMI on February 2 and the Amex is able to access all market centers with automated quotations as required under Reg. NMS.
AEMI will trade equities, structured products and ETFs at the outset but it has been designed to trade multiple instruments. Amex’s new market structure will offer market participants a greatly expanded range of automated transaction services for these securities and will combine the speed of an electronic market with the dedicated liquidity of an auction market for times of order imbalances, complex trades, or when natural liquidity cannot be found.
