Philadelphia Stock Exchange Expands Options Trading

The Philadelphia Stock Exchange (PHLX) is enhancing its services by adding new options trading in four major companies: Aegon NV, Software AG Systems, Inc., Entrust Technologies, Inc., and Com21, Inc. Starting on November 23, 1998, and November 25, 1998, respectively, the PHLX will offer put and call options on these companies, expanding its presence in the financial market. The exchange has a long history, dating back to its founding in 1790, and is recognized as a leader in trading various financial instruments.

Key Takeaways:

• The PHLX will start trading options on Aegon NV, Software AG Systems, Inc., Entrust Technologies, Inc., and Com21, Inc. on November 23 and 25, 1998, respectively.
• The new options will be traded on the January expiration cycle with initial expiration months of December, January, April, and July.
• The opening strike prices will be 95, 100, and 105 for Aegon NV, 15, 17-1/2, and 20 for Software AG Systems, Inc. and Com21, Inc., and 17-1/2, 20, and 22-1/2 for Entrust Technologies, Inc.
• The PHLX is the first U.S. securities exchange and the nation's fastest growing sectors index options exchange.
• The exchange offers trading in over 2600 stocks, 830 equity options, 14 sectors index options, and 100 currency pairs.
• The PHLX is committed to expanding its options trading services, enhancing its presence in the financial market.

Statistics:

• The PHLX will start trading options on 4 new companies in 2 separate sessions, on November 23 and 25, 1998.
• The exchange has been operating for 208 years since its founding in 1790.
• The PHLX trades in over 2600 stocks, 830 equity options, 14 sectors index options, and 100 currency pairs.
• The exchange's options trading volume and variety of financial instruments are expected to increase further with the addition of new options.

Sources:

• http://www.phlx.com (Philadelphia Stock Exchange website)
• PRNewswire (official press release on November 20, 1998)