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Non-Tech : Ashton Technology (ASTN) -- Ignore unavailable to you. Want to Upgrade?

To: EyeDrMike who wrote (2483)	8/29/1999 1:46:00 PM
From: LTK007	Respond to of 4443

August 27, 1999 Dow Jones Newswires CBOE Plans To List 29 Options On Sept. 1 By Steven M. Sears NEW YORK -- In the most aggressive move yet made in the options-industry trading war, the Chicago Board Options Exchange said it will list options on 29 stocks, including some contracts listed on the Pacific Exchange, which has tried to remain on the sidelines. This comes a day after the Philadelphia Stock Exchange raided seven of the CBOE's proprietary listings. The inclusion of the Pacific Exchange means the CBOE, the largest options exchange, is now fighting the two smallest exchanges in the options industry. The CBOE is apparently ignoring the American Stock Exchange, the second-largest options exchange, which is backed by the wealthy National Association of Securities Dealers. The CBOE said it will list many of the Pacific Exchange's proprietary options, including Microsoft Corp., Compaq Computer Corp., Sun Microsystems Inc., 3Com Corp., Applied Materials Inc., Advanced Micro Devices Inc., Tellabs Inc., Schering-Plough Corp., McKessonHBOC Corp., Aza Corp., R&B Falcon Corp., Nike Corp., Newbridge Networks Corp. and Data General Corp. and Baker Hughes Inc. The CBOE also plans to list more of Philadelphia's proprietary options, including Home Depot Inc., J.P. Morgan & Co. Inc., First Union Corp., Time Warner Inc., Fannie Mae; Abbott Laboratories, Rite Aid Corp., Newmont Mining Corp., IDT Corp., Analog Devices Inc., Cambridge Technology Partners Inc., General Instruments Corp., Comcast Corp. (Special Class A/CMCSK) and Sprint Corp. The CBOE said it will list options on these 29 stocks on Wednesday. The exchange plans to announce designated primary market makers later Friday. The Pacific Exchange and Philadelphia Stock Exchange are expected to retaliate against the CBOE's raid on their proprietary options. "This comes as no surprise. We will respond in due course," said Meyer S. Frucher, the Philadelphia exchange's chairman, who declined to elaborate. The Pacific Exchange was not immediately available to comment. A Pacific Exchange spokesman declined to comment when asked if the exchange would respond to the CBOE's decision to list many of its single-listed options. - Steven M. Sears; (201) 938-5355 URL for this Article: interactive.wsj.com