The Philadelphia Stock Exchange files with SEC to quote all options under $20 in nickels.

0 Comments | M2 Presswire, February, 2004

M2 PRESSWIRE-9 February 2004-PHLX: The Philadelphia Stock Exchange files with SEC to quote all options under $20 in nickels(C)1994-2004 M2 COMMUNICATIONS LTD RDATE:02092004 PHILADELPHIA -- The Philadelphia Stock Exchange (PHLX) announced today that on Friday February 6, it filed with the Securities and Exchange Commission to allow minimum quoting and trading increments of $.05 for all PHLX options trading under $20, and a minimum increment of $0.10 for options trading over $20.

"The PHLX will compete vigorously on every front of the options market," said PHLX Chairman and CEO, Meyer "Sandy" Frucher. "We are confident that the investing public and the trading community recognize that the ability to trade in nickels is one more advantage for trading at the...