At Deadline.

Traders, May, 2001

Amex Sale

*American Stock Exchange officials say recent published reports are wrong. "There is no possible sale of the American Stock Exchange," said Amex spokesman Robert Rendine. In fact, the Amex sent a memo to its members indicating it was not on the auction block right after an article in the Wall Street Journal talked about a potential sale. However, the 90-year-old exchange will definitely be spun off from its parent, the National Association of Securities Dealers. "Within a year we will make a decision on what the ultimate separation strategy will be," Rendine said. "Whether it's an IPO, to buy somebody, to merge with somebody, all options are open."

The Amex held talks with Instinet and Archipelago about possible alliances. But nothing...

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