Formal organizations, approved and regulated by the Securities and Exchange Commission ( SEC), that are made up of members who use the facilities to exchange certain common stocks. The two major national stock exchanges are the New York Stock Exchange ( NYSE) and the American Stock Exchange ( ASE or AMEX). Five regional stock exchanges include the Midwest, Pacific, Philadelphia, Boston, and Cincinnati. The Arizona Stock Exchange is an after-hours electronic marketplace where anonymous participants trade stocks via personal computers. Bloomberg Financial Dictionary
Financial and business terms. 2012.