With all of Amex’ equity products on the new AEMI platform, the exchange will be ready to comply with the US Securities and Exchange Commission’s Regulation NMS rules.
The completion of the rollout on AEMI is a great achievement for the American Stock Exchange, said Neal Wolkoff, Amex chairman and chief executive officer. Amex overhauled its technology and created a new world-class electronic trading platform that is fast, efficient and flexible. We are looking forward to the implementation of Reg. NMS and growing our market share.
AEMI will trade equities, structured products and ETFs at the outset, but it has been designed to trade multiple instruments. Amex’ new market structure will offer market participants a greatly expanded range of automated transaction services for equities and ETFs and will combine the speed of an electronic market with the dedicated liquidity of an auction market for times of order imbalances, complex trades, or when natural liquidity cannot be found.
