American Stock Exchange News Release
www.amex.com |
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| Options Release |
Media Contact: Mary Chung |
AMERICAN STOCK EXCHANGE TO TRADE OPTIONS ON SPDR® LEHMAN MUNICIPAL BOND ETF | ||
New York, September 12, 2007— The American Stock Exchange® (Amex®) will launch trading in options on Thursday, September 13, 2007 on the following Amex-listed exchange traded fund: • SPDR® Lehman Municipal Bond ETF (TFI) SPDR® LEHMAN MUNICIPAL BOND ETF options will open with strike prices of 17-27 (1pt increments) and position limits of 2,500,000 shares. The options will trade on the March expiration cycle. The specialist will be Susquehanna Investment Group. The SPDR® Lehman Municipal Bond ETF’s (TFI) investment objective is to provide investment results, which before fees and expenses, correspond generally to the price and yield performance of an index that tracks the United States municipal bond market and provides income that is exempt from federal income tax. The Fund uses a passive management strategy designed to track the price and yield performance of the Lehman Brothers Municipal Managed Money Index. | ||
About American Stock Exchange
The American Stock Exchange® (Amex®) 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 336 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.