Report on AMEX, NASDAQ; Different/Similar? WorldCom Inc. This report will cover the AMEX and NASDAQ and how they are similar and how they are different and will give some background on each. It will also cover the WorldCom Inc chief executive Bernard J. Ebbers conviction and how it affected them and the Telecommunication Industry as a whole. It will also discuss the merger of AMEX and the NYSE Euronext and a little background on that as well (Assignment List, 2008, Unit 1, Assignment 2). When the marker opened in 1971 all markets worldwide were floor based. The NASDAQ was enlisted to bring greater efficiency to trading with technology, which they have been doing ever since. Today every market looks at the NASDAQ for fast and efficient electronic marker to model theirs by. They are the largest U.S. electronic stock market, and are innovating, setting the bar of trading technology as high as possible to bring improved execution quality faster more efficient trading platform. “The AMEX offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRS(sm)” (Unknown, 2008). They have been the pioneer of the ETF and where responsible for bringing the first domestic product to market in 1993. They lead the industry in ETF listings, 406 to date. They also are one of the largest options exchanges in the U.S.; they trade options on broad-based and sector indexes as well as domestic and foreign stocks. The AMEX merged with NYSE Euronext which makes them the “third-largest U.S. options marketplace and enhancing the company’s leadership in ETFs, cash equities, closed-end funds and structured products” (Unknown, 2008). WorldCom’s Ebber was convicted “of conspiracy, securities fraud and false regu ...