NYSE completes Amex takeover – options set to migrate in January

01 Oct 2008

NYSE Euronext has completed its purchase of the American Stock Exchange for $260m. The US-European bourse announced the deal’s conclusion on Wednesday October 1 and confirmed its intention to move Amex’s options floor to NYSE in the first quarter of 2009....

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“At our current funding level, the Commission is under serious strain. We lack the staff and resources necessary to both implement Dodd-Frank and continue to fulfil our pre-Dodd-Frank duties under the Commodity Exchange Act. Without additional funding, the strain will only become worse in July, when much of Dodd-Frank goes into effect.”

The CFTC's Michael Dunn pleads for Congressional support over the regulator's budget.

NYSE completes Amex takeover – options set to migrate in January

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