News, analysis and personal reflections on the markets & the financial sector

Wednesday, September 9, 2009

NYSE to add partners to bolster options-trading business

NYSE Euronext plans to sell stakes in its NYSE Amex division to major Wall Street firms, including Goldman Sachs Group, Bank of America and Citigroup. The goal is to give major options traders an incentive to trade on Amex, which has seen its market share plummet during the past 10 years. Under the plan, NYSE Euronext would remain the largest shareholder in Amex.

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