The PHLX also reported a monthly volume record for December 2000 when 8,599,848 contracts traded. This was a 102 percent increase over the same month last year when 4,261,170 contracts changed hands.
PHLX Chairman and CEO, Sandy Frucher said he is confident that this upward growth will continue as the PHLX continues to be the fastest growing options exchange in the country.
The Philadelphia Stock Exchange, which was founded shortly after America declared its independence from England, is redefining the options market in the 21st century. The Exchange's market share has almost doubled year-over-year in the PHLX's 935 listed equity options and 11 sector indexes, which are supported by advanced trading technology. The PHLX, whose members include the largest, best capitalized specialist firms in the global equity derivatives market, is the fastest growing U.S. options exchange.