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The Philadelphia Stock Exchange To Begin Trading Options On The SIG Cable, Media And Entertainment Index<SUP>TM</SUP> (SCQ<SUP>SM</SUP>) On Tuesday, February 17

Date 13/02/2004

The Philadelphia Stock Exchange announced today that it will begin trading options on the newly created SIG Cable, Media &Entertainment IndexTM (SCQSM) at the start of trading on Tuesday, February17. Susquehanna Investment Group, will act as specialist in this new product.

SIG is one of the nation's leading liquidity providers in index options, participating in approximately 15% of all industry specific index option volume. SIG is a specialist in nearly 40 index products and has been the creative force behind some of the industry's most widely cited and actively traded products.

The SCQSM, the latest addition to the 14 existing PHLX sectors index options, is an equal-dollar weighted index composed of 31 publicly traded companies that engage in the production and dissemination of news, information and entertainment.

SIG Indices, LLLP developed the SIG Cable, Media & Entertainment Index to provide retail and institutional investors a means to capture more efficiently an investment objective based on the industry, whether that entails isolating broad-based appreciation or hedging sector-specific risk.
Time after time, the PHLX has introduced products ahead of investor need, having both recognized untapped market segments and anticipated investor need for quality investment and hedging instruments. The roster of such products is long: the PHLX Oil Service SectorSM (OSXSM); the PHLX Defense SectorSM (DFXSM); the PHLX Gold/Silver SectorSM (XAUSM); the PHLX Housing SectorSM (HGXSM); and the PHLX Semiconductor SectorSM (SOXSM) to name a few.

SIG Indices, LLLP is an affiliate of Susquehanna International Group, LLP (SIG). SIG is comprised of several brokerage and investment related entities all under common control. SIG is a leading institutional sales, research and market making firm, offering brokerage in listed, NASDAQ, Exchange Traded Funds (ETFs), options, program trading and American Depositary Receipts (ADRs). SIG also provides unbiased, differentiated equity research to the institutional asset management community. SIG has offices in Bala Cynwyd, Boston, Chicago, Dublin, New York, Philadelphia, Raleigh, San Francisco, Sydney, and Washington. For more information, please visit www.sig.com

For more information and to view the components of the SCQSM, please see the SCQ brochure.

The Philadelphia Stock Exchange (PHLX) was founded in 1790. The PHLX trades more than 2,000 stocks, 1,200 listed equity options, 15 sectors index options and currency pairs and futures. For more information about the PHLX and its products, visit www.phlx.com.

SIG Cable, Media and Entertainment IndexTM is a trademark of Susquehanna Indices, LLP.
SCQSM is a service mark of the Philadelphia Stock Exchange.