The New York Mercantile Exchange announced last week that its board of directors voted to remain in New York City after several years of speculation that the exchange would move its headquarters to New Jersey.

The announcement came Thursday during a news conference attended by Gov. Mario M. Cuomo and Mayor David N. Dinkins. In a joint release, the governor and the mayor said the exchange is staying in the city, but would move from the World Trade Center in the Wall Street financial district to a "state-of-the-art headquarters" in the Tribeca neighborhood of Lower Manhattan.

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