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Out of the three major American stock exchanges, the AMEX is known to have the most liberal policies concerning company listing, as most of its companies are generally smaller compared to the NYSE and NASDAQ. The Amex also specializes in the trading of ETFs, and hybrid/structured securities. The majority of US listed ETF's are traded at the AMEX including the SPDR and most Power shares.In 2005, the AMEX attempted to popularize an American implementation of the Canadian income trust model. Listed Equity Income Hybrid Securities, (more commonly known as Income Deposit Securities) listed on the AMEX are B & G Foods Holding Corp. (BGF), Centerplate, Inc. (CVP), Coinmach Service Corp. (DRY), and Otelco Inc. (OTT). Recently Coinmach Service Corp, has been attempting to restructure itself away from being an income trust.
The large companies listed on the AMEX include British American Tobacco (ADR) (BTI), Imperial Oil Limited (IMO), Seaboard Corporation (SEB) and Bio-Rad Laboratories (BIO). Seaboard is notable for not having split its shares since becoming publicly listed; shares of SEB trade for around $1,300 a share.

The AMEX also produces stock market indices; perhaps the most notable of these is an index of stocks of internet companies now known as the Interactive Week Internet Index. Recently, the AMEX has also developed a unique set of indices known as Intellidexes, which attempt to gain alpha by creating indices weighted on fundamental factors. The AMEX Composite, a value-weighted index of all stocks listed on the exchange, established a record monthly close of 2,069.16 points on November 30, 2006.Located near the World Trade Center, the operation of the AMEX was temporarily affected by the September 11, 2001 attacks.