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American Stock Exchange Expands Auto-Ex Program To IncludeCompeting Market Maker Orders

Date 18/03/2003

The American Stock Exchange (Amex) today announced a further expansion of its auto-execution systems in options to include orders for competing market makers.

"Customers have responded favorably to the initial expansion in our auto-ex program," said Michael Bickford, senior vice president for options at the Amex. "The measures we are taking today, by including orders for competing market makers, will continue to allow us to maintain our competitive position and meet the growing needs of traders."

For more information on Amex's Auto-Ex program, please visit www.amextrader.com.