"Our firm has unparalleled experience trading index-based products," said Steve Noonan, Vice President, SLK-Hull. "We will offer automated execution for orders of up to 250 contracts. We intend to make very competitive markets in the OEF."The PCX obtained trading rights to the OEF through a licensing agreement with Standard & Poor's. This is its first agreement with Standard & Poor's for an options issue. Terms of the agreement were not disclosed.
"We're pleased to extend our relationship with the Pacific Exchange into the options markets," said Elliott Shurgin, Vice President, Index Services, Standard & Poor's. "Investors will benefit from an additional market trading OEF options and trading volumes are likely to increase. This is a positive development for everyone."
