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Article: CBOE ANNOUNCES PLANS TO LIST OPTIONS ON 20 ADRs
- Article from:
- PR Newswire
- Article date:
- November 24, 1992
CopyrightCOPYRIGHT 1992 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO, Nov. 24 ~PRNewswire~ -- The Chicago Board Options Exchange (CBOE) today announced plans to accommodate the growing U.S. investor interest in foreign-based companies by listing options on 20 American Depositary Receipts (ADRs). Options on up to 15 of the ADRs are expected to begin trading next week, pending Securities and Exchange Commission (SEC) approval.
"The growing number of options on ADRs listed at CBOE is a reflection of the globalization of investor portfolio holdings," said CBOE Chairman Duke Chapman. "Options on ADRs will allow investors to hedge ADR holdings and develop new trading strategies for various foreign-market and company-specific ...