3.3.4. American Stock Exchange index
(AMEX)
American Stock Exchange publishes two major index, which is calculated on the basis of completely different. The main market index of the American Stock Exchange (AMEX Major Market Index) is a simple average of the price movements of 20 leading industrial corporations. He was conceived by the American Stock Exchange as a kind of substitute for the Dow Jones industrial average. Although it is calculated and published by the American Stock Exchange, it consists of shares of corporations listed on the New York Stock Exchange. It is noteworthy that 15 of them are also components of the industrial Dow Jones Industrial Average. Operations with futures on the index, carried out on the Chicago Mercantile Exchange.
The index of the market value of the American Stock Exchange (AMEX Market Value Index) is calculated on the basis of a fundamentally different: it is an indicator, weighted by market value of all outstanding shares of those corporations that are included in it as a component. It was first published in September 1973. It includes, as components of more than 800 issues of shares of securities of corporations of all major industry groups registered on the American Stock Exchange, including, but not ordinary shares, American Depositary Receipt and subscription certificates. From a technical point of view, it is unique by virtue of the fact that in his calculation assumes that the dividend in cash paid by its member shares, reinvested, and on this basis, they are reflected in the index. Options on this index are traded on the American Stock Exchange.
