Amex Casts NETS for Floor Trading
EXCHANGE TECHNOLOGIES
NEW YORK--The American Stock Exchange (Amex) is pulling away from a key link to the New York Stock Exchange (NYSE) with the debut of its NETS (New Equity Trading System), set to replace the NYSE-licensed POS (Point of Sale) system in use at 175 specialist positions.
NETS will be fully in place by the first quarter of next year. NETS began its debut about a month ago to about 10 percent of Amex’s floor traders, giving them the ability to trade any equity-based product in the US, improved point-and
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