NEW YORK, Jan. 29 — With assets topping more than $35 billion and average daily trading of 34 million shares, the American Stock Exchange(R) (Amex(R)) today celebrates the 10-year anniversary of the start of trading in its flagship exchange traded fund (ETF), SPDR – Standard & Poor’s Depositary Receipts(R) (“Spider”).

“Product innovation is a hallmark of the Amex, and we are extremely proud to have created such a revolutionary investment product in the SPDR,” said Amex Chairman and CEO Salvatore F. Sodano. “As ETFs have surged in popularity and as investors have poured $100 billion into our 122 ETFs over the last ten years, investors see the inherent benefits that ETFs offer: tax efficiency, diversification and transparency.”

ETFs are akin to index funds that trade like a single stock. They are liquid and easy to use, and offer diversification, market tracking, low expenses* and tax efficiency. ETFs offer a flexible mechanism to get needed exposure, while at the same time are more transparent and provide greater control than traditional mutual funds.

The Amex pioneered the concept of ETFs in the U.S. in 1993 with the introduction of trading in SPDRs – Standard & Poor’s Depositary Receipts(R) , an exchange-traded unit investment trust based on the Standard & Poor’s 500 Index(R).

Noted Rik Kranenburg, executive vice president, Standard & Poor’s, “The introduction of the SPDR ten years ago by the Amex forever changed the world of index investing. Early on, professional and institutional investors around the globe embraced SPDRs for their low cost, ease of use and flexibility as portfolio management and trading tools. Today, SPDR is the largest and one of the most actively traded ETF products and remains at the head of the curve in bringing ETF investing to retail markets and individual investors.”

George Moller, chief operating officer of Euronext, said, “Euronext is proud and pleased to announce its cooperation with the American Stock Exchange, which allows the cross listing of this very successful ETF and brings this U.S. product closer to European investors.”