Seat on Amex Goes for Record $660,000
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<i> Bloomberg News</i>
A seat on the American Stock Exchange sold for a record $660,000 on Tuesday, up 15% from the previous sale.
Owning a seat gives the holder the right to trade stocks and options on the third-largest U.S. stock market and No. 2 options market.
The price of membership on an exchange typically rises when investors think stock trading volume is going to increase or when they believe there’s money to be made investing.
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