Philadelphia Stock Exchange Re-Launches Philadelphia Board Of Trade As Electronic Market Place

The Philadelphia Stock Exchange (PHLX) today announced that its wholly owned subsidiary, the Philadelphia Board of Trade (PBOT), will re launch as a fully electronic marketplace on 6 October. The exchange says is strategy is to offer to the capital

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The Philadelphia Stock Exchange (PHLX) today announced that its wholly owned subsidiary, the Philadelphia Board of Trade (PBOT), will re-launch as a fully electronic marketplace on 6 October.

The exchange says is strategy is to offer to the capital markets one seamless connection to three market places (equities, options and futures).

CFTC approved PBOT’s application for reinstatement as a designated contract market on 26 May 2006.

“Our overall strategy of utilizing our proprietary platform to support trading in multiple assets classes is well on its way to delivery with the addition of PBOT to the PHLX electronic trading environment,” says Meyer Frucher, the chairman and CEO of PHLX. “PBOT will ultimately be a destination for a diverse array of new futures product classes with an expanded selection of maturities. Our performance in the options space has demonstrated our superior trading technology, an attractive market model and an eagerness to bring new products to market. We believe that working with strategic partners in the fertile futures arena will enhance the trading choices across the spectrum of institutional and retail end-users.”

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