The Wireless Telecom Sector is an equal dollar-weighted index of 20 companies involved in various aspects of wireless telecommunication services and equipment. The specialist for this new sector is Susquehanna Investment Group. (Attached please find the index component issues.) "PHLX's new Wireless, Telecom Sector will enable investors to participate in this explosive industry without having to trade all of the individual components," said Meyer (Sandy) Frucher, PHLX Chairman and CEO.
The PHLX currently trades ten Sectors index options. They are: Computer Box Maker Sector, Forest and Paper Sector, Gold/Silver Sector, National Over-the-Counter Sector, Oil Service Sector, OTC Prime Sector, PHLX/KBW Bank Sector, The Street.com Internet Sector, Semiconductor Sector, and Utility Sector. Volume in these sectors during the first four months of 2000 reached a record 1,251,870 contracts, a 7% increase over the first four months of 1999 when 1,164,547 contracts changed hands.
The PHLX is the first securities exchange in the U.S. and the nation's fastest growing sectors index option exchange. Founded in 1790, PHLX is a market leader in the trading over 2600 stocks, 825 equity options, 10 sectors index options, and 100 currency pairs.
