Chicago Board Options Exchange to Begin Trading Options on the Stock of Ashton Technology Group, Inc.Business Editors PHILADELPHIA--(BUSINESS WIRE)--March 9, 2000 Ashton Technology Group, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ASTN ASTN Automatic Switched Transport Network (optical networks) ASTN Automatically Switched Transport Network (ITU-T) ASTN Automotive Satellite Television Network ASTN Astern ASTN Astronomic ) announced that the Chicago Board Options Exchange Chicago Board Options Exchange (CBOE) A securities exchange created in the early 1970s for the public trading of standardized option contracts. Primary place for the trading of stock options, foreign currency options, and index options (S&P 100, 500, and OTC 250 index) (CBOE CBOE See: Chicago Board Options Exchange CBOE See Chicago Board Options Exchange (CBOE). ) will begin trading options on Ashton's stock, as CBOE ticker symbol TUS, on Wednesday, March 15. As reported in CBOE's March 8 press release, "TUS options will trade on the March expiration cycle with introductory expirations in April, May, June and September. Initial strike prices have been set at 7 1/2, 10 and 12 1/2. (NOTE: Strike prices are subject to change based on the price of the underlying security.) Botta Trading has been named the Designated Primary Market Maker (DPM) in the options." Chicago Board Options Exchange (CBOE) CBOE, the world's largest options marketplace and the creator of listed options, is regulated by the Securities and Exchange Commission (SEC). For additional information about the CBOE and its products, access the CBOE site on the World Wide Web at http://www.cboe.com. Ashton Technology Group Ashton Technology Group, based in Philadelphia, PA, is developing a family of on-line transaction and intelligent matching systems, using advanced telecommunication and computing technologies, together with data and information security technologies, to facilitate global financial transactions. Ashton's proprietary transaction systems are made available to end users through networks, third parties, and the Internet. Ashton concentrates on the concept of developing alternative trading systems Alternative Trading Systems (ATS) are SEC-approved non-exchange trading venues. They play an important role in public markets for allowing alternative means of accessing liquidity. as unique adjuncts to established exchanges. Its U.S. eVWAP(TM) trading system was launched as a facility of the Philadelphia Stock Exchange Philadelphia Stock Exchange (PHLX) A securities exchange trading American and European foreign currency options on spot exchange rates. in August. In addition to historical information, this press release may contain "forward-looking statements", as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, that reflect management's expectations for the future. A variety of important factors could cause results to differ materially from such statements. Factors which could cause actual results to differ from current expectations, include the Company's ability to achieve expected future levels of revenue, availability, terms and deployment of capital. These and other risks are described in greater detail in the Company's filings with the SEC, including those on forms 10-KSB and 10-Q. |
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