"CBOE, the world's largest options exchange, is also the world's second largest securities exchange. As such, CBOE is pleased to add SPDRs to our growing list of diversified equity products, including the QQQ shares (Nasdaq-100 Index Tracking SharesSM), the OEF iSharesSM S&P 100 Index Fund, as well as many structured products," said CBOE Chairman and CEO William J. Brodsky.
"We are very pleased to be chosen as the DPM for SPDRs at CBOE. As the specialist in products such as the QQQ options and OEF, the SPDRs are a natural fit for us, complimenting our proven expertise in this area," said Wolverine Trading Chief Operating Officer James Harkness. "Customers have come to rely on Wolverine for deep, liquid markets and I am confident that we will provide similar markets and build a successful customer business in SPDRs at the CBOE."
By purchasing SPDR shares, investors can easily gain exposure to the broad market in a single transaction. Generally, SPDR market values are expected to rise and fall along with the S&P 500 Index and investmentresults are expected to correspond to the benchmark S&P 500 market.SPDRs represent ownership in the SPDR Trust, a long-term unit investment trust established to accumulate and hold a portfolio of the equity securities that comprise the Standard & Poor's 500 Index, and its initial market value approximates 1/10 of the value of the S&P 500 Index.
CBOE, the world's largest options marketplace and the creator of listed options, is regulated by the Securities and Exchange Commission (SEC). For additional information about the CBOE and its products, access the CBOE site on the World Wide Web at http://www.cboe.com.
