The Philadelphia Stock Exchange Files With SEC To Quote All Options Under $20 In Nickels

The Philadelphia Stock Exchange (PHLX) announced today that on Friday February 6, it filed with the Securities and Exchange Commission to allow minimum quoting and trading increments of $.05 for all PHLX options trading under $20, and a minimum increment of $0.10 for options trading over $20.

"The PHLX will compete vigorously on every front of the options market," said PHLX Chairman and CEO, Meyer "Sandy" Frucher. "We are confident that the investing public and the trading community recognize that the ability to trade in nickels is one more advantage for trading at the PHLX in addition to deep liquidity, superior technology and the most competitive cost structure in the industry."

The Philadelphia Stock Exchange was founded in 1790. The PHLX trades 2,000 stocks, more than 1,200 equity options, 14 sectors index options and currency options and futures. For more information about the PHLX and its products, visit www.phlx.com.