Definitions

AMEX Composite Index ($XAX)

Posted By: TradersLog

In 1997 the American Stock Exchange introduced a new AMEX Composite Index with a new ticker symbol, XAX, replacing the AMEX Market Value Index (XAM). The XAX is a market capitalization-weighted index of the stocks listed on the American Stock Exchange. The XAX is comparable with other major indices.

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