American Stock Exchange to Trade Options on the Fidelity Nasdaq Composite Index Tracking Stock
December 11 2003 - 5:37PM
PR Newswire (US)
American Stock Exchange to Trade Options on the Fidelity Nasdaq
Composite Index Tracking Stock NEW YORK, Dec. 11 /PRNewswire/ --
The American Stock Exchange(R) (Amex(R)) will launch trading in
options on Friday, December 12, 2003 on the Fidelity(R) Nasdaq
Composite Index(R) Tracking Stock(TM) (Option Symbol: ONQ). The
Fidelity(R) Nasdaq Composite Index(R) Tracking Stock(TM) options
will open with strike prices of 61 - 90 for January and February,
50 - 100 for March and June, all in one point increments and
position limits of 22,500 contracts. The options will trade on the
March expiration cycle with initial expirations in January,
February, March and June. The specialist will be CTC, LLC. "The
Amex pioneered the trading of ETF options and we look forward to
the addition of ONEQTM to the well-known suite of Nasdaq-based
products on which we currently trade options," said Michael T.
Bickford, senior vice president for options at the Amex. The
Fidelity(R) Nasdaq Composite Index(R) Tracking Stock(TM) is an
exchange-traded fund that seeks to provide investment returns that
closely correspond to the price and yield performance of the Nasdaq
Composite Index(R). The American Stock Exchange(R) (Amex(R)) is the
only primary exchange that offers trading across a full range of
equities, options and exchange traded funds (ETFs), including
structured products and HOLDRS(SM). In addition to its role as a
national equities market, the Amex is the pioneer of the ETF,
responsible for bringing the first domestic product to market in
1993. Leading the industry in ETF listings, the Amex lists 126 ETFs
to date. The Amex is also one of the largest options exchanges in
the U.S., trading options on broad-based and sector indexes as well
as domestic and foreign stocks. Fidelity(R), Fidelity
Investments(R), ONEQ(TM), Fidelity(R) Nasdaq Composite Index(R)
Tracking Stock(TM) and Fidelity(R) Nasdaq Composite Index(R)
Fund(TM) are trademarks of FMR Corp., Fidelity Brokerage Services
LLC, Fidelity Distributors Corporation and Fidelity Management
& Research Company, Inc. (collectively, "Fidelity"). Nasdaq(R),
Nasdaq Composite(R) and Nasdaq Composite Index(R) are registered
trademarks of The Nasdaq Stock Market, Inc. The Fidelity and Nasdaq
trademarks are licensed for use by [insert name of Licensee]. The
product(s) have not been passed on by Fidelity or Nasdaq as to
their legality or suitability. The product(s) are not issued,
endorsed, sold, or promoted by Fidelity or Nasdaq. Fidelity and
Nasdaq make no warranties and bear no liability with respect to the
product(s). DATASOURCE: The American Stock Exchange CONTACT: Lynn
Teresky of the American Stock Exchange, +1-212-306-1654, Web site:
http://www.amex.com/
Copyright