Pacific Exchange To Trade S&P Funds

The Pacific Exchange (PCX) announced today that it has expanded its licensing agreement with Standard & Poor's (S&P), and will begin trading options on three additional S&P exchange-traded funds on January 2, 2003.

The Technology Select SPDR (symbol: XLK) and Financial Select SPDR (XLF) have been allocated to Lead Market Maker Knight Financial Products, LLC, while the Health Care Select SPDR (XLV) will be traded by Timber Hill, LLC. Expiration cycles and position limits for each product will be announced soon.

The PCX first signed a licensing agreement with S&P for the iShares S&P 100 Index Fund (OEF) in May of this year.