You Have Been Asked to Write a Report for a Group of New Stock Brokers about the American Stock Exchange and the NASDAQ

American Stock Exchange (also called the Curb) is the second-largest stock exchange in the U.S., after the New York Stock Exchange (NYSE). The AMEX started as an alternative to the NYSE. It originated when brokers began meeting on the curb outside the NYSE in order to trade stocks that failed to meet the Big Board's stringent listing requirements, but the AMEX now has its own trading floor. In 1998 the parent company of the NASDAQ purchased the AMEX and combined their markets, although the two continue to operate separately. …