Fidelity Nasdaq Composit... (NASDAQI:ONEQ)
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Pacific Exchange to Trade ONEQ Options
SAN FRANCISCO, Dec. 11 /PRNewswire/ -- The Pacific Exchange (PCX) announced
today that it would begin trading options on the Fidelity Nasdaq Composite Index
Tracking Stock (Nasdaq: ONEQ; options symbol: ONQ) on Friday, December 11,
2003.
ONEQ options have been allocated to Lead Market Maker Catherine Clay of Timber
Hill, LLC. The issue will trade on the March expiration cycle with exercise
limits of 22,500 contracts. Timber Hill will offer guaranteed automated
executions for up to 500 contracts for all series.
"We're excited to add ONEQ options to the list of products we trade at the
Pacific Exchange," said Jeff Shaw, head of trading for Timber Hill. "Between
the quality and depth of our markets, and the PCX' fee waiver, we expect to
achieve significant market share in this issue."
The Exchange is waiving all licensing fees for market makers and broker- dealers
through March 1, 2004.
Trading rights to ONEQ options were obtained by the PCX through a non- exclusive
licensing agreement with the Nasdaq Stock Market.
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 Pacific Exchange,
Inc. 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: Pacific Exchange
CONTACT: Dale A. Carlson of Pacific Exchange, +1-415-393-4198 or
Web site: http://www.pacificex.com/