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The American Stock Exchange (Amex) will launch trading in options on Monday, October 16, 2006 on the following exchange traded funds:
- Market Vectors Environmental Services ETF (Symbol: EVX)
- Market Vectors Steel ETF (Symbol: SLX)
Market Vectors Environmental Services ETF options will open with strike prices of 35 - 45 (1pt increments) and position limits of 2,500,000 shares. The options will trade on the March expiration cycle. The specialist will be Kellogg Capital Group, LLC. Market Vectors Environmental Services ETF seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Amex Environmental Services Index.
Market Vectors Steel ETF options will open with strike prices of 35 - 45 (1pt increments) and position limits of 2,500,000 shares. The options will trade on the March expiration cycle. The specialist will be Kellogg Capital Group, LLC. Market Vectors Steel ETF seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Amex Steel Index.
About American Stock Exchange
The American Stock Exchange® (Amex®) is the only primary exchange that offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRSSM. In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 206 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks.
