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Bailout Trading
NASDAQ OMX Begins Options Trading On Its Government Relief Index
NEW YORK-- The NASDAQ OMX Group, Inc.
today announced the launch of options trading on the
NASDAQ OMX Government Relief Index(sm) (Nasdaq:QGRI), the only existing
benchmark that enables investors to track the performance of
U.S.-listed securities that are participating in U.S. government
sponsored relief programs such as the Troubled Asset Relief Program
(TARP) or other direct government investments. Options trading on the
NASDAQ OMX Government Relief Index will begin today on NASDAQ OMX PHLX,
Inc. Susquehanna Securities is the specialist for this new product.
"This development gives investors the opportunity to trade options on a
basket of U.S. companies that are participating in the government's
financial relief plan," said John Jacobs, Executive Vice President,
NASDAQ OMX Global Index Group. "This is the first of several products
that enables investors to develop trading strategies involving some of
the companies most directly affected by the current relief efforts."
"We are excited to have Susquehanna Securities as the specialist for
this product," stated Thomas Wittman, President of NASDAQ OMX PHLX,
Inc. "We hope that Susquehanna's participation will serve to enhance
liquidity and efficiency in the trading of the new options."
The NASDAQ OMX Government Relief Index is the latest index launched by
NASDAQ OMX Index Group and underscores its commitment to designing and
calculating relevant world-class indexes.
The NASDAQ OMX Government Relief Index includes public companies that
have received a direct investment from the U.S. government of at least
$1 billion. The Index is the first of the Government Relief Index
Series that NASDAQ OMX is planning to launch in the coming weeks.
The Index is calculated in real-time across the combined exchanges and
is disseminated in dollars. The index began calculation with a value of
1000.00 on January 5, 2009. For more information about The NASDAQ OMX
Government Relief Index, including the list of component companies,
visit
https://indexes.nasdaqomx.com/history.aspx?IndexSymbol=QGRI&menuIndex=0
.
NASDAQ OMX is a global leader in creating and licensing strategy
indexes and is home to the most widely watched indexes in the world.
As a premier, full-service provider, NASDAQ OMX is dedicated to
designing powerful indexes that are in sync with a continually changing
market environment. Utilizing the expanded coverage of our global
company, NASDAQ OMX has nearly 2,000 diverse equity, commodity and
fixed-income indexes in the U.S., Europe, and throughout the world.
In addition, our calculation, licensing and marketing support provide
the tools to measure and replicate global markets. The NASDAQ OMX Index
Group range of services covers the entire business process from index
design to calculation and dissemination. For more information about
NASDAQ OMX indexes, visit https://indexes.nasdaqomx.com/.
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