AEMI Offers:

• Regulation NMS compliance: Under Reg NMS, Amex will qualify as an automated trading center and will publish "automated" quotes by default. Incoming orders will be executed within a fraction of a second without human intervention, maintaining our competitiveness in a fast-paced trading environment.
• Choice of execution method: Investors can choose to have their orders executed automatically against published bids or offers with turnaround times measured in milliseconds, or handled by floor brokers with point of sale privileges.
• Immediate quote updates: Quotes will be published automatically in response to order flow, removing the need for manual updates by specialists and allowing continuous automated trading.
• Automated price improvement: Incoming orders may receive superior execution by interacting with orders already programmed to offer price improvement in the electronic environment.
• Price discovery in the auction market: The specialist auction market will continue to bring added liquidity, dampen volatility, and enhance the stability of the marketplace.
• Enhanced surveillance capabilities: Automated trading rules and flexible access to trading activity will allow sophisticated surveillance and assured integrity across the market.
• Enhanced connectivity: Easier, more powerful connections into the exchange for brokerage firms.

AEMI brings together the best qualities of the electronic market and the auction market to deliver the highest quality marketplace.