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To: BWAC who wrote (48407)	6/3/2003 9:06:57 AM
From: Nemer	Read Replies (2) of 53068

AMEX .. NEW YORK (CBS.MW) -- The National Association of Securities Dealers has agreed to sell the American Stock Exchange to private equity firm GTCR Golder Raunder for $110 million, the Wall Street Journal reported on Monday. Although GTCR will pay $110 million to buy the exchange, the NASD will reinvest all of that money in the Amex due to pre-existing obligations, the newspaper reported. GTCR will likely keep the Amex's current management and trading model in place but won't rule out the possibility of adding more in the way of electronic trading in the future, the report said. The American Stock Exchange was merged into the NASD, operator of the Nasdaq market, in 1998.

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