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AMEX TO OPEN OPTIONS TRADING ON FIRST DATA CORPORATION, A FORMER AMERICAN EXPRESS SUBSIDIARY

 AMEX TO OPEN OPTIONS TRADING ON FIRST DATA CORPORATION,
 A FORMER AMERICAN EXPRESS SUBSIDIARY
 NEW YORK, July 15 /PRNewswire/ -- The American Stock Exchange today said that put and call options trading will open Thursday, July 16, on the listed stock of First Data Corporation (symbol: FDC).
 A former American Express subsidiary, First Data Corporation of New York is a leading provider of high-volume credit card information- processing services in the United States and the United Kingdom. The company provides services to a variety of industries including banks, hospitals, mutual fund sellers, cable T.V. companies and telemarketing firms.
 FDC will open with strike prices of 22-1/2, 25, and 30 and position limits of 5,500 contracts. Initial expiration months will be August, September and November of 1992 and February of 1993. Highland Securities Co. is the specialist unit for the new options.
 The Amex trades a total of 282 stock options, including 77 options on over-the-counter stocks, as well as 33 LEAPS(TM) (Long-term Equity AnticiPation Securities). In addition, options are traded on five broad-market indexes-- the Major Market Index (XMI), the XMI LEAPS (TM) Index (XLT), the S&P MidCap 400 Index (MID), the Institutional Index (XII), and the Japan Index (JPN) -- as well as three industry based indexes -- the Oil Index (XOI), the Computer Technology Index (XCI) and the Pharmaceutical Index (DRG). CAPS-- Capped Options-- are also traded on XII.
 -0- 7/15/92
 /CONTACT: Kathleen Fitzpatrick of American Stock Exchange, 212-306-1697/ CO: First Data Corp.; American Express Co. ST: New York IN: FIN SU:


SH -- NY018 -- 9454 07/15/92 10:29 EDT
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Publication:PR Newswire
Date:Jul 15, 1992
Words:267
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