To: alice simmons who wrote (58112 ) 8/27/1999 1:35:00 PM From: Connor26 Respond to of 120523
just a little chicago tidbit... Friday August 27, 12:31 pm Eastern Time CBOE to list 16 PCX, 13 PHLX options Sept. 1 CHICAGO, Aug 27 (Reuters) - The Chicago Board Options Exchange (CBOE) said Friday it will list 29 new stock options Sept. 1, for the first time dragging the Pacific Exchange (PCX) into the escalating U.S. options listing battle. Of the CBOE's 29 new options, 16 currently are exclusively listed on the PCX and the other 13 are offered only by the Philadelphia Stock Exchange (PHLX). The new listings include the PCX's most-active options, such as Microsoft Corp. (Nasdaq:MSFT - news), which generated 9.7 million of PCX's roughly 59-million-contract volume in 1998. PCX spokesman Dale Carlson said the exchange, currently the nation's third-largest options market, might have a response to the CBOE's action later Friday or on Monday. Until now, the PCX has refrained from joining the multiple-listing fray that CBOE began Aug. 23 when it listed Dell Computer (Nasdaq:DELL - news) options, the PHLX's busiest option. CBOE's move last Monday was the first time the options exchanges began competing for each others' exclusive listings. Over the last week, the American Stock Exchange and the PHLX have responded by adding each others' and the CBOE's options. The other 15 current PCX options listings the CBOE will add include: Compaq Computer Corp. (NYSE:CPQ - news); Sun Microsystems Inc. (Nasdaq:SUNW - news); 3Com Corp. (Nasdaq:COMS - news); Applied Materials Inc. (Nasdaq:AMAT - news); Advanced Micro Devices Inc. (NYSE:AMD - news); Tellabs Inc. (Nasdaq:TLAB - news); Schering-Plough Corp. (NYSE:SGP - news); McKessonHBOC Corp. (NYSE:MCK - news); ALZA Corp. (NYSE:AZA - news); R&B Falcon Corp.(NYSE:FLC - news); First Union Corp. (NYSE:FTU - news); NIKE Inc. (Class B) (NYSE:NKE - news); Newbridge Networks Corp. (NYSE:NN - news); Data General Corp. (NYSE:DGN - news), and Baker Hughes Inc. (NYSE:BHI - news).