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Article: The New York Stock Exchange receives approval from the Securities and Exchange Commission to begin trading options on the "NYSE Beta Index."
- Article from:
- PR Newswire
- Article date:
- April 8, 1986
CopyrightCOPYRIGHT 1986 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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NEW YORK, April 8 /PRNewswire/ -- The New York Stock Exchange has received approval from the Securities and Exchange Commission to begin trading options on the newly developed "NYSE Beta Index," a price-weighted index of 100 NYSE stocks, Robert Birnbaum, NYSE president, said today.
The "NYSE Beta Index" is a "service mark" of the New York Stock Exchange Inc.
Trading in the new index option is expected to begin in May. The NYSE Beta Index was approved by NYSE directors and filed with the SEC in December 1985.
The new index is composed of NYSE-listed stocks, all priced above $10 per share, having at least 7 million shares outstanding, and ...