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Philadelphia Stock Exchange Begins Trading Options On The Phlx Defense Sector On Monday, November 19 - Commander Of The Pennsylvania Air National Guard Rings Opening Bell

Date 19/11/2001

The Philadelphia Stock Exchange began trading options on the newly created PHLX Defense Sector on Monday, November 19. The DFX is an equal-dollar weighted index composed of 18 of the largest and most actively traded companies in the defense and aerospace industry.

Maj. Gen. James M. Skiff, assistant adjutant general and commander of 4,300-member Pennsylvania Air National Guard headquartered at Fort Indiantown Gap, Pa., commemorated this occasion by ringing the opening bell at the exchange on that day. Standing to his left is LTC Brian K. Leonhard, administrative officer/G5, 28th Infantry Division.

Equitec Proprietary Markets LLC will act as the specialist in this new product. Equitec Proprietary Markets LLC is a subsidiary of Equitec Group, a global proprietary trading group with market making and specialist operations on eight domestic exchanges, as well as on electronic exchanges throughout Europe. The company is headquartered in Chicago, with offices in New York, San Francisco, Philadelphia and London.

Equitec trades primary and derivative instruments in a wide variety of equity, index, financial and structured products, using a combination of traditional and proprietary cross-hedging methodologies. Equitec affiliates are specialists in more than 410 equity and derivative classes including Microsoft, Wal-Mart Stores Inc., Coca Cola Co., BankAmerica Corp., Tyco Intl., Alcoa, Boeing Co., JDS Uniphase Corp., Lucent Technologies Inc., Home Depot, Johnson & Johnson, Halliburton Co. and GlaxoSmithKline.

The company's team of 200 professionals includes an IT staff of developers and network operations personnel to support the growth of its quoting, position management, database and communications systems. Equitec has developed and owns a preponderance of the enabling tools used by its partners, position managers and traders.

The Philadelphia Stock Exchange (PHLX) was founded in 1790. The PHLX trades more than 2,200 stocks, 1,016 listed equity options, 13 sectors index options and currency pairs. For more information about the PHLX and its products, visit