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NASDAQ and the Philadelphia Stock Exchange partner to offer options on the NASDAQ Composite Index.

0 Comments | M2 Presswire, March, 2004

M2 PRESSWIRE-26 March 2004-NASDAQ: NASDAQ and the Philadelphia Stock Exchange partner to offer options on the NASDAQ Composite Index(C)1994-2004 M2 COMMUNICATIONS LTD RDATE:03222004 New York and Philadelphia - The Nasdaq Stock Market, Inc. ("NASDAQ ") and the Philadelphia Stock Exchange (PHLX) today announced that beginning today, options on the NASDAQ Composite Index will be listed and traded at the Philadelphia Stock Exchange.

Options on the NASDAQ Composite Index offer investors a unique instrument for trading and hedging. Put and call options are available in both full-size contract (QCX) and the mini contract (QCE). Both of these products are the only option products available on the Index that are cash-settled with a European-Type exercise....

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