Word: amex
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Dates: during 1970-1979
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...oversaw the automation of exchange-floor functions. When President Nixon recently went searching for a new chairman of the Securities and Exchange Commission, the position was offered to Saul. He turned it down. Last week Saul startled just about everyone by taking another job. He will switch from the Amex presidency to the vice chairmanship of the First Boston Corp...
Haack, president of the aristocratic New York Stock Exchange, and Ralph Saul, president of the younger and more innovative American Stock Exchange, announced a program to end much costly duplication. Under the new plan, the two exchanges will share many of the same computer facilities, and Amex stocks will be included in the Big Board's central certificate service, an automated system for handling stock transactions. The cooperation will extend down to the clerical levels and may eventually result in a merger of the two exchanges. Economic necessity forced the moves -the exchanges have also been hurt...