Options on Dow Jones Index-Linked ETFs will trade on PHLX XL, the Exchange’s electronic trading platform, along with 21 other PHLX proprietary indexes and 2,000 equities. “PHLX is excited to partner with Dow Jones Indexes to bring to the retail investing community a new range of ETF options products supported by the liquidity of our specialists,” said PHLX Vice President of New Products, Daniel Carrigan. “Investors can place trades across market cap, sector, and broad-based indexes in a seamless and transparent transaction. Additionally, PHLX is the first exchange to launch options trading on four Dow Jones Index-Linked ETFs that cover important U.S. sectors of Financial and Consumer Services,” added Carrigan.
Michael A. Petronella, President, Dow Jones Indexes/Ventures said, "We are extremely pleased that the Philadelphia Stock Exchange and its trading community will make these products available to its client base. It is very satisfying that the Exchange recognizes the value of entering into a licensing relationship with the owner of the underlying indexes. PHLX continues to demonstrate its willingness to innovate and further develop the exchange traded fund market place."
On Thursday, February 2, (FDM) First Trust's ETF based on the Dow Jones Select Microcap IndexSM will begin to trade. Timber Hill LLC is the specialist.
On Friday, February 3, the following products will trade.LaBranche Structured Products, LLC will be the specialist in:
(DGT) SSGA's streetTracks based on the Dow Jones Global Titans 50 Index(SM)
(TMW) SSGA's streetTracks based on the Dow Jones Wilshire 5000 Index(SM)
(IYY) iShares Dow Jones U.S. Total Market Index(SM)
(IWM) iShares Dow Jones U.S. Basic Materials Index(SM)
(IYC) iShares Dow Jones U.S. Consumer Services Sector Index(SM)
(IYG) iShares Dow Jones U.S. Financial Services Sector Index(SM)
(IYH) iShares Dow Jones U.S. Healthcare Sector Index(SM)
(IYJ) iShares Dow Jones U.S. Industrial Sector Index(SM)
(IYK) iShares Dow Jones U.S. Consumer Goods Sector Index(SM)
(IYW) iShares Dow Jones U.S. Technology Sector Index(SM)
(IYZ) iShares Dow Jones U.S. Telecommunications Sector Index(SM)
Susquehanna International Group will be the specialist for these products below:
(DVY) BGI's iShares Dow Jones Select Dividend Index(SM)
(IYF) iShares Dow Jones U.S. Financial Sector Index(SM)
(IYR) iShares Dow Jones U.S. Real Estate Sector Index(SM)
(IDU) iShares Dow Jones U.S. Utilities Sector Index(SM)
The Philadelphia Stock Exchange was founded in 1790. The PHLX trades 2,000 stocks, 1,926 equity options, 21 sectors index options and currency options and futures. For more information about the PHLX and its products, visit www.phlx.com.
About Dow Jones
“Dow Jones”, “Dow Jones Indexes” and the names identifying each of the above-listed indexes are service marks of Dow Jones & Company, Inc. and have been licensed for use for certain purposes by the Philadelphia Stock Exchange, Inc. The Dow Jones Index-Linked ETF Options are not sponsored, endorsed, sold or promoted by Dow Jones, and Dow Jones makes no representation regarding the advisability of investing in such product(s)”.
