PHLX To Begin Trading Options on Chemdex Corporation (CKU/CMDX)

The Philadelphia Stock Exchange (PHLX) is pleased to announce that it will begin trading put and call options on Chemdex Corporation (option/stock symbol: CKU/CMDX), upon the opening of business on Wednesday, November 3, 1999. Options on Chemdex Corporation will trade on the March expiration cycle with initial expiration months of December, January, March, and June. Opening strike prices will be 30, 35, and 40. In addition, Group One Ltd. will be offering an automatic execution (AUTO-X) of up to 25 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.