A Breakdown of the Eight U.S. Stock Exchanges
Traders Magazine, September 1998
Traditionally, U.S. stock exchanges competed for listings. The New York Stock Exchange and the American Stock Exchange listed large national companies. The regional stock exchanges supported small local companies.
But companies began to turn to the NYSE and the AMEX for trading, and the regionals were forced to consolidate amid declining profitability. Four decades ago, there were 21 stock exchanges in the U.S. Last year there were eight.
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