IT Changes Ahead for Amex Under GTCR
EXCHANGE TECHNOLOGIES
NEW YORK--The purchase of the American Stock Exchange (Amex) by GTCR Golder Rauner, a private equity firm in Chicago, for $110 million last week, could--and should--lead to significant changes in the Amex’s operating structure and technology, analysts say.
The exchange is third-ranked in equity options, behind the Chicago Board Options Exchange (CBOE) and the all-electronic International Securities Exchange (ISE), which claimed 29 percent market share for May. And in exchange-traded funds (ETFs)
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