American Stock Exchange Sets Daily Option Volume Record

Apr 18, 2001, 01:00 ET from American Stock Exchange

    NEW YORK, April 18 /PRNewswire/ -- The American Stock Exchange (Amex) set
 a new daily record today for the number of total options contracts traded in a
 single day -- 1,791,166. The previous record -- 1,734,263 contracts -- was set
 January 19, 2001.
     Michael T. Bickford, senior vice president for options at the Amex, said
 today's record was set, in part, due to the strong rally in the equity market
 when the Federal Reserve unexpectedly cut interest rates by one-half
 percentage point.
     Option volume on the Amex has more than doubled in the past two years and
 was up 60 percent in 2000.
 
     The American Stock Exchange(R), a subsidiary of the National Association
 of Securities Dealers, Inc. (NASD(R)), is the only primary exchange that
 offers trading across a full range of equities, Index Shares(SM), including
 structured products and HOLDRS(SM), and options. In addition to its role as a
 national equities market, the Amex is the leader in Index Share listings
 (DIAMONDS(R), FORTUNE 500(R) Index Tracking Stock, FORTUNE e-50(TM) Index
 Tracking Stock, iShares(SM), MidCap SPDRs(TM), Nasdaq-100 Index Tracking
 Stock(SM), Select Sector SPDRs(R), and SPDRs(R) and streetTRACKS(SM) and is
 the second-largest options exchange in the U.S., trading options on
 broad-based and sector indexes as well as domestic and foreign stocks.  For
 more information, visit http://www.amex.com.
 
 

SOURCE American Stock Exchange
    NEW YORK, April 18 /PRNewswire/ -- The American Stock Exchange (Amex) set
 a new daily record today for the number of total options contracts traded in a
 single day -- 1,791,166. The previous record -- 1,734,263 contracts -- was set
 January 19, 2001.
     Michael T. Bickford, senior vice president for options at the Amex, said
 today's record was set, in part, due to the strong rally in the equity market
 when the Federal Reserve unexpectedly cut interest rates by one-half
 percentage point.
     Option volume on the Amex has more than doubled in the past two years and
 was up 60 percent in 2000.
 
     The American Stock Exchange(R), a subsidiary of the National Association
 of Securities Dealers, Inc. (NASD(R)), is the only primary exchange that
 offers trading across a full range of equities, Index Shares(SM), including
 structured products and HOLDRS(SM), and options. In addition to its role as a
 national equities market, the Amex is the leader in Index Share listings
 (DIAMONDS(R), FORTUNE 500(R) Index Tracking Stock, FORTUNE e-50(TM) Index
 Tracking Stock, iShares(SM), MidCap SPDRs(TM), Nasdaq-100 Index Tracking
 Stock(SM), Select Sector SPDRs(R), and SPDRs(R) and streetTRACKS(SM) and is
 the second-largest options exchange in the U.S., trading options on
 broad-based and sector indexes as well as domestic and foreign stocks.  For
 more information, visit http://www.amex.com.
 
 SOURCE  American Stock Exchange