THE PHILADELPHIA
STOCK EXCHANGE TO BEGIN TRADING OPTIONS ON THE SIG STEEL PRODUCERS
INDEX
“ TRADING TO BEGIN ON DECEMBER 22”
For more information, contact Barbara Sorid at 215-496-5200
or by e-mail
More Information: Brochure,
Strike
Prices
PHILADELPHIA – Dec. 16 2004 - The Philadelphia
Stock Exchange (PHLX) announced today that it will begin trading options
on the SIG Steel Producers Index (STQ) on December 22. Cash options
on STQ will trade on PHLX XL, the Exchange’s electronic trading
platform, along with 18 other PHLX proprietary indexes.
“The steel industry is experiencing tremendous global growth.” said
PHLX Vice President of New Products, Daniel Carrigan. “World
crude steel production for the 62 countries reporting to the International
Iron and Steel Institute stands at 854.1 million metric tons (mmt)
for the first ten months of 2004. This is 9.3% higher than for the
same period of 2003. STQ component stocks have experienced price
moves of 100% - 300% since early Spring making this index the clear
choice to trade the Steel Sector,” added Carrigan
“With STQ, investors can capitalize on the many international
as well as domestic trends that influence the demand, pricing and
supply of steel and steel products.” said Jamie Farmer, president
of SIG Indices. “Trade issues, country specific policies and
economic expansion and contraction have a clear and direct impact
on the sector at large. Because of the frequency with which such
issues materialize, the steel sector can be characterized by significant
volatility,” added Farmer.
About the PHLX
The Philadelphia Stock Exchange was founded in 1790. The PHLX trades
2,000 stocks, 1,500 equity options, 18 sectors index options
and currency options and futures. For more information about
the PHLX
and its products, visit www.phlx.com.
About Susquehanna Investment Group
The Susquehanna International Group of Companies (SIG), leading institutional
sales, research and market making firm, offers renowned execution
expertise in listed, NASDAQ, Exchange Traded Funds (ETFs), options,
program trading and American Depositary Receipts (ADRs). SIG also
provides unbiased, differentiated equity research to the institutional
asset management community. SIG encompasses a NASDAQ market making
operation in over 3,000 stocks, is among the nation’s largest
option market makers and specialist in over 600 option classes,
is the leading sector index options trading firm and is one of
the largest liquidity providers in ETFs. SIG has offices in Bala
Cynwyd, Boston, Chicago, Dublin, New York, Philadelphia, San Francisco,
and Sydney. For more information, please visit www.sig.com.
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