American Stock Exchange Trading Options on Four New Vanguard(R) Exchange Traded Funds
April 10 2007 - 10:35AM
PR Newswire (US)
NEW YORK, April 10 /PRNewswire/ -- Today the American Stock
Exchange(R) (Amex(R)) launched trading in options on the following
exchange traded funds: -- Vanguard(R) Total Bond Market ETF
(Symbol: BND) -- Vanguard(R) Short-Term Bond ETF (Symbol: BSV) --
Vanguard(R) Intermediate-Term Bond ETF (Symbol: BIV) -- Vanguard(R)
Long-Term Bond ETF (Symbol: BLV) Vanguard(R) Total Bond Market ETF
options will open with position limits of 2,500,000 shares. The
options will trade on the March expiration cycle. The specialist
will be Susquehanna Investment Group. The Fund seeks to track the
performance of a broad, market-weighted bond index. The Fund
employs a "passive management" or indexing investment approach
designed to track the performance of the Lehman Brothers Aggregate
Bond Index. This Index measures a wide spectrum of public,
investment-grade, taxable, fixed income securities in the United
States including government, corporate and international dollar-
denominated bonds, as well as mortgage-backed and asset-backed
securities that have maturities of more than 1 year. Vanguard(R)
Short-Term Bond ETF options will open with position limits of
2,500,000 shares. The options will trade on the March expiration
cycle. The specialist will be Susquehanna Investment Group. The
Fund seeks to track the performance of a market-weighted bond index
with a short-term dollar-weighted average maturity. The Fund
employs a "passive management" or indexing investment approach
designed to track the performance of the Lehman Brothers 1-5 Year
Government/Credit Index. This Index includes all medium and larger
issues of U.S. government, investment-grade corporate and
investment-grade international dollar-denominated bonds that have
maturities between 1 and 5 years and are publicly issued.
Vanguard(R) Intermediate Bond ETF options will open with position
limits of 2,500,000 shares. The options will trade on the March
expiration cycle. The specialist will be Susquehanna Investment
Group. The Fund seeks to track the performance of a market-weighted
bond index with an intermediate-term dollar-weighted average
maturity. The Fund employs a "passive management" or indexing
investment approach designed to track the performance of the Lehman
Brothers 5-10 Year Government/Credit Index. This Index includes all
medium and larger issues of U.S. government, investment-grade
corporate and investment grade international dollar-denominated
bonds that have maturities between 5 and 10 years and are publicly
issued. Vanguard(R) Long-Term Bond ETF options will open with
position limits of 2,500,000 shares. The options will trade on the
March expiration cycle. The specialist will be Susquehanna
Investment Group. The Fund seeks to track the performance of a
market-weighted bond index with a long-term dollar-weighted average
maturity. The Fund employs a "passive management" or indexing
investment approach designed to track the performance of the Lehman
Brothers Long Government/Credit Index. This Index includes all
medium and larger issues of U.S. government, investment-grade
corporate and investment-grade international dollar-denominated
bonds that have maturities of greater than 10 years and are
publicly issued. About the American Stock Exchange The American
Stock Exchange(R) (Amex(R)) offers trading across a full range of
equities, options and exchange traded funds (ETFs), including
structured products and HOLDRSSM. 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 285 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. For more information, please visit
http://www.amex.com/. DATASOURCE: American Stock Exchange CONTACT:
Catherine Chantharaj of American Stock Exchange, +1-212-306-1689,
Web site: http://www.amex.com/
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