The American Stock Exchange (Amex) became the latest exchange to be acquired when NYSE Euronext signed an agreement to purchase it for $260 million on January 17. The combination of Amex's innovative products with NYSE Euronext's technology and financial muscle is formidable. One objective the deal fills is the expansion of NYSE Euronext's options business, as it adds enough volume to make NYSE Euronext the third largest options marketplace in the US. While some see bright spots, it is an anti-climactic end to one of the more innovative exchanges.
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