Options War Goes Coastal With Softee Skirmish
The X-wing fighters of the tiny Pacific Stock Exchange Friday took on two Death Stars, striking back at the No 1. Chicago Board Options Exchange and No. 2 American Stock Exchange, as traders on the San Francisco floor scrambled to file applications to trade 24 new options listings next week.
With its listings assaulted by competitors, the Pacific hopes to begin trading 17 new options and seven multiply listed options Wednesday, Sept. 1, such as Amgen (AMGN Quote), AT&T (T Quote), Home Depot (HD Quote) and the granddaddy of all options, Intel (INTC Quote).
It didn't take long for the AMEX to respond. By late Friday afternoon, the exchange was already in the mix, counterlisting 25 already multiply listed options, such as Microsoft (MSFT Quote) and Compaq (CPQ Quote), the Pacific's two premier listings. ...
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