FOR IMMEDIATE RELEASE
CBOE NAMES CHICAGO TRADING COMPANY, LLC (CTC) AS DPM IN SPDRs OPTIONS (SPY)
CHICAGO - January 5, 2005 - The Chicago Board Options Exchange (CBOE) today announced it has selected Chicago Trading Company, LLC (CTC) as Designated Primary Market Maker in preparation for trading options based on Standard and Poor's Depositary Receipts (SPDRs), an exchange-traded fund designed to track the performance of the S&P 500 Index. Details of a launch date for the options (ticker symbol SPY) will follow.
SPDRs represent shares of a security designated to track the value of the S&P 500. The market value of the SPDR approximates 1/10 of the value of the S&P 500 Index.
CBOE, the world's largest options marketplace and the creator of listed options, is regulated by the Securities and Exchange Commission (SEC). For additional information about the CBOE and its products, visit the CBOE website at: http://www.cboe.com/.