American Stock Exchange to Trade Options on Piper Jaffray Companies

American Stock Exchange to Trade Options on Piper Jaffray Companies 


NEW YORK, Jan. 2  /PRNewswire/ -- The American Stock Exchange(R) (Amex(R)) will
launch trading in options on Monday, January 5, 2004 on the New York Stock
Exchange listed stock of Piper Jaffray Companies (Symbol: PJC).

Piper Jaffray Companies options will open with strike prices of 40 - 45 - 50 and
position limits of 13,500 contracts.  The options will trade on the March
expiration cycle with initial expirations in January, February, March and June. 
The specialist will be Highland Securities Corp.

Piper Jaffray is a client-focused securities firm dedicated to delivering
superior financial advice, investment products and transaction execution within
selected middle-market sectors of the financial services marketplace.

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. 

DATASOURCE: The American Stock Exchange



CONTACT:  Lynn Teresky of the American Stock Exchange, [phone],





Web site:  http://www.amex.com/ 

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