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At Deadline - The Dowry

Traders Magazine, February 1998

John A. Byrne

There is endless speculation about the benefits of an Amex and Nasdaq marriage. The obvious benefit is that joining the two would provide an electronic order-delivery and execution system for Amex stocks via Nasdaq's trading platform. A merger, in fact, might make some floor brokers obsolete, since only large, hard-to-fill business would require them to traverse the noisy floor.

More significant is the possibility of Amex price quotes becoming a part of the Nasdaq price-quote montage. Nasdaq might then quote the inside market in Amex-listed stocks, posting bids and offers from the specialists and market makers in the same stocks, and the corresponding price quotes on electronic communications networks.

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