Philadelphia Stock Exchange to Begin Trading Options on Tele-Communications International, Inc.

Strategic Insights -

The Philadelphia Stock Exchange (PHLX) has announced that it will start trading put and call options on Tele-Communications International, Inc. (TINT) on October 20, 1995. This move marks a significant expansion for the PHLX, which is already a leading exchange in trading stocks and options. The addition of TINT options will provide investors with increased flexibility and opportunities in the telecommunications sector.

Key Takeaways:

  • The Philadelphia Stock Exchange will begin trading put and call options on Tele-Communications International, Inc. (TINT) on October 20, 1995.
  • The new options will trade on the January expiration cycle.
  • Rockrimmon Securities will be offering an automatic execution (AUTO-X) of up to 25 contracts for orders executed through AUTOM, the PHLX's automatic execution system.
  • The PHLX is the oldest securities exchange in the U.S. and the nation's fastest-growing sectors index options exchange.
  • The exchange trades over 2,500 stocks and over 370 equity, index, and currency options.
  • TINT is a leading operator of broadband cable television and telephony distribution networks in selected markets outside the United States.

Statistics:

  • The PHLX will be trading options on Tele-Communications International, Inc. (TINT) on October 20, 1995.
  • The options will trade on the January expiration cycle.
  • The PHLX trades over 2,500 stocks.
  • The exchange trades over 370 equity, index, and currency options.
  • Rockrimmon Securities will be offering automatic execution of up to 25 contracts for orders executed through AUTOM.

Sources:

  • PRNewswire (October 16, 1995)
  • Philadelphia Stock Exchange (1790)