PHLX To Begin Trading Options On Ariba, Inc. (IRU/ARBA)
Date 22/10/1999
The Philadelphia Stock Exchange (PHLX) is pleased to announce that it will begin trading put and call options on Ariba, Inc. (option/stock symbol: IRU/ARBA), upon the opening of business on Friday, October 29, 1999.
Options on Ariba, Inc. will trade on the February expiration cycle with initial expiration months of November, December, February, and May. Opening strike prices will be 160, 165, and 170. In
addition, Susquehanna Investment Group will be offering an automatic execution (AUTO-X) of up to 20 contracts for orders executed through AUTOM, PHLX's automatic execution system for equity and sectors index options.
The PHLX is the first securities exchange in the U.S. and the nation's fastest growing sectors index
options exchange. Founded in 1790, PHLX is a market leader in the trading of over 2600 stocks, 930 equity options, 13 sector index options, and 100 currency pairs.
