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NYC Vows To Keep Stock Exchanges

October 9, 1998

NEW YORK (AP) _ City and state officials expressed confidence Friday that deals would be finalized within weeks to construct new homes for the New York, American and Nasdaq stock exchanges.

New York is trying to poach Nasdaq from Washington while New Jersey has been trying to coax the New York and American exchanges to the other side of the Hudson River.

The New York and American exchanges are ``New York institutions and we are confident they will remain here in New York,″ said Michael McKeon, a spokesman for Gov. George Pataki.

Deputy Mayor Randy Levine said the city and state ``feel very hopeful that we’ll be able to bring Nasdaq to New York City, and also provide them with a new home.″

The New York Stock Exchange has made its home on Wall Street in lower Manhattan since the early 19th century. The American Stock Exchange has been in its current location on Trinity Place in lower Manhattan since 1921.

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