The Philadelphia Stock Exchange Launches Options Trading On The PHLX Marine Shipping Index^<small>tm</small>(SHX^<small>SM</small>) On December 3

The Philadelphia Stock Exchange announced today that it will begin trading options on the PHLX Marine Shipping Index ^TM (SHX ^SM ) on Monday, December 3.

PHLX Marine Shipping Index (SHX) seeks to reflect the performance of publicly listed companies primarily involved in worldwide seaborne transportation of liquid goods of crude oil, petroleum products, chemicals, and dry goods of iron ore and agricultural commodities. The index is comprised of 17 companies and is equal-dollar weighted.

"PHLX is pleased to debut options trading on the industry’s first marine shipping index," said Daniel R. Carrigan, PHLX’s vice president of new product development. "SHX provides a tracking mechanism for companies involved in the highly volatile sector of domestic and global freight delivery for petroleum, dry bulk, chemical and agricultural goods,” he said.

The Philadelphia Stock Exchange was founded in 1790. The PHLX trades more than 7,000 stocks, 2,639 equity options, 18 sectors index options, options on all major currencies, and futures through its subsidiary, The Philadelphia Board of Trade (PBOT). For more information about the PHLX and its products, visit www.phlx.com.