PEAK6 Launches Trading Post On Pacific Exchange

The Pacific Exchange (PCX) announced today that Chicago-based PEAK6 Capital Management, Inc. will begin operating as a Lead Market Maker (LMM) on Tuesday, June 22, 2004. Rob Kovell, a former vice chairman of the PCX Board of Governors, is PEAK6's head trader in San Francisco.

The first issue PEAK6 will trade is Granite Construction, Inc. (GVA), a new options listing for the Pacific. Granite Construction options will trade on the March expiration cycle, with exercise limits set at 2,250,000 shares.

In a release issued April 20, 2004, PEAK6 said it intends to trade as many as 500 issues at the PCX.