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NASD and PHLX Part Ways On Plans to Merge Business

Traders Magazine, April 1999

Staff reports

Are NYSE and PHLX Planning Partnership?The National Association of Securities Dealers and the Philadelphia Stock Exchange (PHLX) have shelved plans to combine the equity and options businesses of the American Stock Exchange and the PHLX.

"After months of exploring the viability of a possible combination, the parties have determined that a combination is not feasible," according to a statement issued on behalf of both exchanges.

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