Amex: no plan to exit equities.(American Stock Exchange)(Brief Article)

The American Stock Exchange has denied a report that it might spin off its equities business to the New York Stock Exchange.

The New York Post reported this week that the American exchange was "considering turning into an options-only bourse" and selling its equities business to the New York exchange, which is enlarging its existing building.

The Post said the move was being considered because the number of companies listing their stocks with the American Exchange has declined. Such a move would undermine the recent efforts of chairman Richard Syron, who …