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OPEN INTEREST IN AMEX JAPAN OPTIONS TOPS 100,000 MARK

 NEW YORK, December 10 /PRNewswire/ -- Activity in options on the American Stock Exchange's Japan Index (ticker symbol JPN) reached a milestone when combined open interest in the put and call options topped 100,000 contracts for the first time at yesterday's market close.
 Open interest is a measurement of contracts held by investors that have yet to be exercised. The Exchange said the 100,000 plateau reflected investors' willingness to ride with the recent volatility in the Japanese market.
 The Japan Index was developed by the American Stock Exchange and options trading began on the product in 1990. The index consists of 210 stocks trading on the Tokyo Stock Exchange, and represent Japan's major economic sectors that include such areas as electronics, heavy industry, consumer products, utilities, oils, automobiles, railroads, pharmaceuticals and financial services. The Japan Index also closely correlates the performance of the Nikkei Stock Average, an index that tracks the movements of 225 issues also trading on the Tokyo Stock Exchange.
 -0- 12/10/93
 /CONTACT: Bob Shabazian, managing director of the American Stock Exchange, 212-306-1630/
 (JPN)


CO: American Stock Exchange ST: New York IN: FIN SU:

SP -- NY044 -- 2620 12/10/93 12:13 EST
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Publication:PR Newswire
Date:Dec 10, 1993
Words:198
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