Didn't see this posted. CBOE to List BRCM options under RCQ ticker.
CBOE to List Options on Two Stocks on Wednesday, October 28: Broadcom Corporation Equant N.V.
October 21, 1998 05:06 PM
CHICAGO, Oct. 21 /PRNewswire/ -- The Chicago Board Options Exchange (CBOE) today announced it will begin trading options on Broadcom Corporation, BRCM (CBOE: RCQ) and Equant N.V. ENT on Wednesday, October 28.
Broadcom Corporation, located in Irvine, Calif., develops integrated silicon solutions that enable broadband digital data transmission to the home and within the business enterprise. The company's products enable the high-speed transmission of data over existing communications infrastructures. Broadcom provides integrated circuits for the cable set-top boxes, cable modems, high speed networking, and similar markets.
RCQ options will trade on the February expiration cycle with introductory expirations in November, December, February and May. Initial strike prices have been set at 65, 70 and 75. Kessler/Arbitrade, L.L.C. has been named the Designated Primary Market-Maker (DPM) in the options.
Equant N.V., headquartered in The Netherlands, operates a data network and provides seamless international data network services to multinational businesses. The company is a source of global desk-top communications, including managed data network services, network design and integration, equipment installations, maintenance and support, and software development.
ENT options will trade on the February expiration cycle with introductory expirations in November, December, February and May. Initial strike prices have been set at 35, 40 and 45. OTA Limited Partnership has been named the Designated Primary Market-Maker (DPM) in the options.
CBOE, regulated by the Securities and Exchange Commission (SEC), is the pioneer of listed options and the world's largest options marketplace. For additional information about the CBOE and its products, access the CBOE site on the World Wide Web at cboe.com.
SOURCE Chicago Board Options Exchange
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