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PHLX TO LIST LEAPS(R) ON GOLD/SILVER (XAU) INDEX

 PHILADELPHIA, May 13 /PRNewswire/ -- The Philadelphia Stock Exchange (PHLX) today announced that it will begin trading Long-Term Equity AnticPation Securities(R) or LEAPS(R) on the PHLX Gold/Silver (XAU) Index beginning on Friday, May 14.
 Initially, LEAPS on the Gold/Silver Index will have expirations of January 1995 and January 1996.
 The following table lists the index, ticker symbols, expirations, position limits, and specialist unit for the new LEAPS:
 95/96 POSITION
 STOCK SYMBOL LIMITS SPECIALIST
 Gold/Silver Index VXA - 95 4000 Susquehanna Investment Group
 LXA - 96
 LEAPS on the Gold/Silver Index will be guaranteed an automatic execution (AUTO-X) of up to 10 contracts.
 The PHLX is the nation's oldest securities exchange and is a market leader in trading more than 2,200 stocks, and more than 250 equity, index, and currency options.
 /delval/
 -0- 5/13/93
 /CONTACT: Lynda Lucker of the PHLX, 215-496-5200, or Ian Colley of the Weiser Walek Group, 212-684-4440, for the PHLX/


CO: Philadelphia Stock Exchange ST: Pennsylvania IN: SU:

JM-MK -- PH025 -- 8122 05/13/93 12:55 EDT
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Publication:PR Newswire
Date:May 13, 1993
Words:176
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