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Philadelphia Stock Exchange To Begin Trading Avici Systems Inc. And Corvis Corporation

Date 31/10/2000

The Philadelphia Stock Exchange (PHLX) announced today that it will begin trading put and call options on Avici Systems Inc. (option/stock symbol: QYV/AVCI) and Corvis Corporation (option/stock symbol UVF/CORV) upon the opening of business on Monday, Nov. 6, 2000.

Options on Avici Systems Inc. will trade on the March expiration cycle with initial expiration months of November, December, March and June. Opening strike prices will be 40, 45 and 50. Options on Corvis Corporation will trade on the March expiration cycle with initial expiration months of November, December, March and June. Opening strike prices will be 55, 60 and 65.

The PHLX trades more than 2,300 stocks, nearly 800 equity options, 11 sectors index options and 100 currency pairs. Founded in 1790, the PHLX is the nation's first securities exchange.