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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: Swami who wrote (24677)2/8/1999 1:37:00 PM
From: Jenna  Respond to of 120523
 
RTRSY: Earnings out tomorrow according to First Call One of my favorite chart patterns: a nice strong upwardly trending stock with an oversold stochastic. good potential for more gains. Even though RTRSY may look price according to value indicators the real value is $110 a share. I have it as a earnings play alternate and watched it jump 4 1/2 point this afternoon already.

Amex slashes fees on options trade to boost volume
NEW YORK, Feb 8 (Reuters) - The American Stock Exchange said Monday it will cut fees for options trading more than 50 percent and let more trades move directly to specialists in a move aimed at boosting its options volume.

The Amex, the nation's second-largest options market after the Chicago Board Options Exchange (CBOE), said starting in March it will cut fees to $0.10 per contract.

On smaller trades of 30 contracts or less, Amex will stop charging fees altogether, unless the trade is not immediately executable. Such trades would cost $0.10 a contract.

Previously, Amex charged based on the price of the option and whether the option was based on a share or an index.

More options orders will also be able to move to an Amex specialist electronically, bypassing the cost of a floor broker, who would physically approach the specialist, and the paperwork involved.

Larger options orders, of up to 100 contracts, will be able to move electronically into the specialist book, the Amex Options Display Book. Previously, only orders of up to 50 contracts could be moved electronically.

Member firms that bring cross-trades to the Amex, when trading for their own accounts, will also get some portion of that trade, the Amex said, although exact details have yet to be ironed out.

Amex is also developing a system with TIBCO Finance Technology to allow brokers to use wireless handheld devices. The system should be up and running in the second half.

TIBCO is part of TIBCO Software Inc., a unit of global news and information company Reuters Group Plc. (quote from Yahoo! UK & Ireland: RTR.L) (Nasdaq:RTRSY - news).

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