PCX Commences Options Trading on Investment Technology Group, Inc. And Jefferies Group, Inc.
PR Newswire - April 28, 1999 16:10
SAN FRANCISCO, April 28 /PRNewswire/ -- The Pacific Exchange (PCX) has announced that, in connection with the merger of Jefferies Group, Inc. and Investment Technology Group, Inc., it today commenced trading options on the surviving entity, Investment Technology Group, Inc. (PCX: ITG) and the newly formed spin-off company, Jefferies Group, Inc. (PCX: JEF).
Investment Technology Group, Inc. and Jefferies Group, Inc. options will trade on the January expiration cycle and will be available for the months of May, June, July, and October. Initial strike prices are 35, 40, 45, 50, 55, 60, and 65 for ITG, and 17 1/2, 20, and 22 / for JEF. Position and exercise limits have been set at 13,500 contracts. The underlying stocks are available at the Pacific Exchange.
ITG and JEF options have been allocated to lead market maker James Burleson of Letco LMM, LLC, who assures that the disseminated market quotes are firm for 20 contracts. |
