Loading...

The Regional Stock Exchanges and AMEX

The New York Stock Exchange was not the first stock exchange in the United States. The Philadelphia Stock Exchange was founded in 1790. In the 1800s there were also exchanges in Boston, Baltimore, Chicago, Pittsburgh, New Orleans, San Francisco, Los Angeles and other cities.

Thousands of companies that never made it to the New York Stock Exchange traded on local exchanges because there was no internet to trade shares on. Regional exchanges listed local companies that were too small to list on the NYSE.

New York had its equivalent to a regional stock exchange with the Curb Exchange. Brokers stood outside of the NYSE on the street curb and traded shares that were too small to list on the NYSE. In 1911, the curbstone brokers established themselves as the New York Curb Market which changed its name to the American Stock Exchange in 1953. In 2008, the AMEX was acquired by NYSE Euronext. AMEX provided a home for the Standard Oil companies, ADRs, technology companies in the 1960s, and hundreds of companies that went on to list on the NYSE.

Global Financial Data is the only company to provide data on the thousands of companies that listed on both the regional stock exchanges and on AMEX. GFD covers the regional exchanges from 1790 to 1972 by which time their activities had largely been superseded by NASDAQ.

GFD provides monthly data on the regional exchanges back to 1790, monthly data on the AMEX beginning in 1916, and daily data for the AMEX beginning in 1962. No other firm can offer such comprehensive coverage of the history of regional exchanges and AMEX.

Navigation