PHLX annual equity volume reached two billion shares, an increase of 39 percent in comparison to the same period last year when 1,598,630,360 shares changed hands. The PHLX currently trades 2,300 equities.
Volume in the PHLX's 11 sectors index options during the first 12 months of 2000 reached a new record of 3,863,764 contracts traded, an increase of 21 percent over 1999 when 3,189,597 contracts traded. PHLX currently lists options on eleven sectors: Computer Box Maker Sector, Forest and Paper Sector, Gold/Silver Sector, National Over-the-Counter Sector, Oil Service Sector, OTC Prime Service Sector, PHLX/KBW Bank Sector, TheStreet.com Internet Sector, Semiconductor Sector, Utility Sector and Wireless Telecom Sector.
Volume in the PHLX's customized and standardized currency options reached 482,919 contracts traded for the first 12 months of the year for an underlying value of approximately $20 billion.
The Philadelphia Stock Exchange, founded shortly after America declared its independence from England, is redefining the options market in the 21st century. Trading volume has almost doubled year-over-year in the PHLX's 800 listed equity options and 11 sector indexes, which are supported by advanced trading technology. The PHLX, whose members include the largest, best capitalized specialist firms in the global equity derivatives market, is the fastest growing U.S. options exchange.
