NYSE Amex Equities

See: New York Stock Exchange.

When our younger brother was just a little grommet, everybody called him Bobby. Now that he’s all grown up, he would prefer it if we just call him Robert, please and thank you.

Know who else decided to start going by a different name in 2016 (after already changing its name approximately a million times before that)? That’s right: NYSE Amex Equities. Today, it’s known simply as NYSE American, even though it does the same thing it did all those many years ago.

So what is that, exactly? Well, it serves as an exchange for small-cap securities, micro-cap securities, and ETFs. The exchange itself is located in New York City, but the trades are 100% electronic. In 2017, it became the second U.S. exchange to implement something called a “speed bump." Like speed bumps in the road, these little guys are designed to artificially slow down traffic. In NYSE American’s case, the speed bump represents a 350-microsecond delay, which is designed to attract smaller investors to the exchange by getting rid of advantages to gihugic HFTs, or high-frequency traders.