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Amex ECN Plan Still Alive

Traders Magazine, September 2006

Nina Mehta

This spring the American Stock Exchange abruptly tabled its plans to launch an ECN nicknamed, "Seamount." But the exchange's strategic plan "still includes having an ECN that competes directly in New York Stock Exchange and Nasdaq equities," says CEO and chairman Neal Wolkoff. "It was a classic case of trying to do too many things and risking not getting other things done in the time frame we need," says Wolkoff. "But the ECN is very much a priority."

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