Amex Bids for Dividend Spread Trades
Amex Pushes for Big Trade Strategy
Traders Magazine, June 2007
The American Stock Exchange is making an aggressive push to win business in "dividend spread trades." The move is controversial, because these large trades are often criticized for having little economic value and boosting exchanges' volume and market-share figures. To better compete against the three other options exchanges that operate trading floors-dividend spread trades are negotiated trades that occur only on floors-the Amex dropped its fees 90 percent in January. Amex's goal is to draw volume from NYSE Arca Options, the Philadelphia Stock Exchange and
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