Amex to List Options of Wave Systems and hi/fn, inc.
PR Newswire, Wednesday, June 02, 1999 at 11:15
NEW YORK, June 2 /PRNewswire/ -- The American Stock Exchange today announced it expects to trade options on the Nasdaq National Market stocks of Wave Systems Corp. (stock/options symbol AMEX:WAVX/AXU) beginning Friday, June 4 and hi/fn, inc. (stock/options symbol AMEX:HIFN/HXQ) beginning Tuesday, June 8.
Wave Systems Corp., based in Lee, Massachusetts, creates technologies and services to secure and sell digital information. The company's technology enables secure transaction processing and distributed information metering in users' personal computers.
AXU will open with initial strike prices of 20, 22-1/2, and 25, with position limits of 31,500 contracts. Initial expiration months will be June, July, August and November of 1999. The specialist unit for the new options will be Raymar Capital Corporation.
hi/fn, inc., based in Los Gatos, California, designs, develops and markets semiconductor devices. The company's products enable secure, high-bandwidth network connectivity and storage of business information.
HXQ will open with initial strike prices of 55, 60 and 65, with position limits of 13,500 contracts. Initial expiration months will be July, August and October of 1999 and January of 2000. The specialist unit for the new options will be Spear, Leeds & Kellogg.
The Amex trades options on 29 broad-based and sector indexes and 1,109 domestic and foreign stocks, as well as Long-term Equity AnticiPation Securities(R) (LEAPS(R)) on 121 stocks. Amex is a leader in listing warrants on indexes, hybrid instruments and other structured products. The Amex is home to the Index Share(TM) Marketplace, which includes SPDRs(R), Select Sector SPDRs(R), DIAMONDS(SM), MidCap SPDRs(TM), WEBS(TM) and Nasdaq-100 Shares(SM).
The Nasdaq-Amex Market Group(SM), which operates The Nasdaq Stock Market(R) and the American Stock Exchange(R) is a subsidiary of the National Association of Securities Dealer, Inc. (NASD(R)), the largest Securities-industry, self-regulatory organization in the United States. The union of Nasdaq(R) and Amex(R) creates the world's first financial market that brings together central auction specialist and multiple Market Maker systems.
For more information about The Nasdaq-Amex Market Group, visit the Nasdaq-Amex Web site at nasdaq-amex.com or the Nasdaq-Amex Newsroom(SM) at nasdaq-amexnews.com.
SOURCE The American Stock Exchange
-0- 06/02/99
/CONTACT: Stephan Pechdimaldji of The American Stock Exchange, 212-306-1489/
/Web site: nasdaq-amex.com
nasdaq-amexnews.com
Companies or Securities discussed in this article:
Symbol Name
AMEX:WAVX
AMEX:HIFN
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