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| Performance Advantage |
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| Amex: Leader in Listings |
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New listings on the Amex outpace the competition. For instance, the Amex was the only major U.S. market with net positive listings over the last three years. During the same time period, the Nasdaq's losses were close to 500 companies.
 Source: American Stock Exchange, NasdaqTrader.
* Formerly referred to as the Nasdaq National Market (NNM)
As further demonstration of the value of the auction market, the Amex has added over 200 companies from electronic markets during the last three years.
 Source: American Stock Exchange, NasdaqTrader.
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