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American Stock Exchange Specialist

As a Specialist, we work directly with our company-partners, with growing private companies, and with publicly-listed companies on the NASDAQ and Canadian exchanges looking to list and trade shares on the American Stock Exchange. We work directly with our clients and prospective clients to respond to changes and new requirements for listing, trading, regulatory oversight and corporate finance and governance—and most importantly to understand the company and its business.

The American Stock Exchange
The American Stock Exchange (AMEX) was founded in 1921. The AMEX provides a centralized market structure with floor trading through Company Specialists.

"The American Stock Exchange has been a pioneer in market innovation for more than a century and remains committed to developing successful new investment products and innovative services for companies and investors. As the nation's most diversified financial marketplace, the American Stock Exchange conducts trading through an advanced centralized specialist system and is committed to providing a superior marketplace for the investing public and its members."

The Specialist process combines the Auction process - buyers and sellers of equities posting their offers to buy or sell in the open market place -   with Specialists who represent particular companies and manage the trading of all shares for that particular company - matching buyers and sellers and executing that order flow.

That process provides certain advantages and protections that a non-Specialist trading system does not. Historically, those advantages and protections include: Narrower Spreads - buyers and sellers can trade directly with each other resulting in smaller differences between bid and ask prices; Decreased volatility - specialist purchases and sales made from their proprietary accounts minimize volatility in the absence of balanced order flow; and, Short selling protection - the AMEX "uptick rule" prohibits investors from selling a company's stock short on a down-tick.

Today, the AMEX is the only primary exchange to offer trading in three distinct areas: a variety of listed equities, an extensive options market and an unrivaled listing of more than 100 Exchange Traded Funds (ETFs), the securities category pioneered by the American Stock Exchange.

More Information on the American Stock Exchange is available at their website: www.amex.com

Listing Standards on The American Stock Exchange
Full criteria are subject to the AMEX Constitution and Rules. These standards are guidelines for companies seeking to list their companies on the American Stock Exchange, and additional criteria may apply to specific circumstances.

Companies may qualify for listing on the American Stock Exchange if they have stockholders' equity of at least $4,000,000 and pre-tax income from continuing operations of at least $750,000 in its last fiscal year, or in two of its last three fiscal years.

A company may also qualify if they have two years of operations, stockholders' equity of at least $4,000,000, and an Aggregate Market Value of Publicly Held Shares of at least $15,000,000.

There are other criteria under which a company may qualify.

There are also criteria under which Closed-End Management Investment Companies, Options and Electronic Traded Funds may be traded on the American Stock Exchange.

Excerpted from American Stock Exchange Publications


Please contact:
Brendan E. Cryan, Chairman and CEO
email address:  AmexTrader @ BCryanCo.com
for more information about Brendan E. Cryan and Company, LLC, our Management Team and Associates, and our American Stock Exchange Specialist Services focused on Natural Resources Equities.