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Synergy: AMEX Launching Nasdaq Gold' UIT Options

Traders Magazine, December 1998

Staff reports

In an early sign that synergies between Nasdaq and the American Stock Exchange are possible, the AMEX is launching options contracts based on a new Nasdaq 100 unit investment trust (UIT).

"We had been talking about developing these kinds of products long before the merger went through," Dan Noonan, a spokesman for the AMEX, said. "I think they are a perfect example of the synergies that can be achieved by the merger."

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