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"The Philadelphia Stock Exchange is excited about entering the Exchange Traded Fund market with the listing of the NASDAQ-100® product," said Robert Ackermann, PHLX senior vice president. "We have awarded the book to Heard Trading LLC, a strong specialist unit that will make aggressive markets and draw significant order flow in the competitive environment for this product."
Heard Trading LLC, a nationally known firm with trading operations on the Philadelphia Stock Exchange, the Chicago Mercantile Exchange, the New York Board of Trade and the Amsterdam Exchange, specializes in equity options, index options, index fund shares, foreign currencies, sugar and oil options and NASDAQ-100® futures.
The Nasdaq-100®, Nasdaq-100 Index®, Nasdaq®, The Nasdaq Stock Market®, Nasdaq-100 SharesSM, Nasdaq-100 Trust SM , Nasdaq-100 Index Tracking Stock SM, and QQQ SM are trademarks or service marks of The Nasdaq Stock Market, Inc. (Nasdaq) and have been licensed for use for certain purposes by the Philadelphia Stock Exchange pursuant to a License Agreement with Nasdaq. The Nasdaq-100 Index® (the Index) is determined, composed, and calculated by Nasdaq without regard to the Licensee, the Nasdaq-100 Trust SM, or the beneficial owners of Nasdaq-100 Shares SM. Nasdaq has complete control and sole discretion in determining, comprising, or calculating the Index or in modifying in any way its method for determining, comprising, or calculating the Index in the future.
