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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Bob who wrote (2860)	2/4/1999 2:24:00 PM
From: Rande Is	Read Replies (2) \| Respond to of 57584

Nasdaq-Amex and TheStreet.com to Launch E-commerce Index New Index Options to Offer Investors Tailored Exposure to Internet Commerce Industry NEW YORK, Feb. 4. /PRNewswire/ -- The Nasdaq-Amex Market Group today announced it will trade options on the TheStreet.com E-commerce Index (ticker symbol: ICX) beginning February 17, 1999. Listed on The American Stock Exchange, the new equity index consists of fifteen actively-traded companies that generate all or a significant portion of their revenue from commerce conducted over the Internet. The new Index was developed by The American Stock Exchange and TheStreet.com, a leading online financial and investment news publication, as a way for investors to participate in the "e-commerce" sector, one of the most volatile and actively-traded sectors of the stock market. Using options on the Index, investors can manage their exposure to these stocks, either creating opportunities for profit or hedging against risk. "Internet commerce has emerged as an important growth area in the U.S. stock market in recent months," said Clifford Weber, vice president for new product development at the Amex. "The volatile nature of this sector makes options an appealing way to participate in the sector's development. Because the index tracks the movement of 15 different stocks, company-specific risk is reduced." TheStreet.com E-commerce Index consists of the following fifteen stocks: AMZN Amazon.com, Inc. HLYW Hollywood Entertainment Corp. AMTD Ameritrade Holding Corp. MWHS Micro Warehouse, Inc. BKS Barnes & Noble, Inc. NTKI N2K Inc. BVSN BroadVision Inc. NM National Media Corp. CDNW CDnow, Inc. ONSL ONSALE, Inc. EGRP E*TRADE Group, Inc. PPOD Peapod, Inc. EBAY eBay Inc. PTVL Preview Travel, Inc. EGGS Egghead.com, Inc. TheStreet.com E-commerce Index uses "equal-dollar weighting" to ensure that each of the component securities is represented in approximate equal dollar value. Adjustments to the Index are made quarterly in order to ensure that each component stock continues to represent approximate equal market value. ICX options feature "European style" expiration and cash settlement, meaning options may be exercised on the last business day prior to expiration. The specialist unit for the new index options will be Susquehanna Investment Group. TheStreet.com (www.thestreet.com), the leading online investment and financial news publication, was founded in 1996 and is based in New York City, with a bureau in San Francisco. The company's editorial team, with 50 experienced financial journalists and two dozen contributors, publishes approximately 40 news stories and commentaries every business day, including popular daily columns by James J. Cramer and Herb Greenberg. TheStreet.com has established strategic alliances with Yahoo!, America Online, 3Com, Intuit and other leading companies. TheStreet.com's readership includes approximately 200,000 individual and institutional investors. 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 Dealers, 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. The Amex trades options on 30 broad-based and sector indexes and 1,105 domestic and foreign stocks, as well as Long-term Equity AnticiPation Securities(R) (LEAPS(R)) on 120 stocks. Amex is a leader in listing warrants on foreign currencies and indexes, hybrid instruments and other structured products. For more information about The American Stock Exchange, visit its Web site at amex.com or the Nasdaq-Amex Web site at nasdaq-amex.com. SOURCE The Nasdaq-Amex Market Group CO: Nasdaq-Amex Market Group; TheStreet.com E-commerce Index ST: New York IN: FIN MLM SU: PDT 02/04/99 14:12 EST prnewswire.com