The Big Board will begin OTC options trading.
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The New York Stock Exchange announced that it has selected four over-the-counter issues in which it will trade options starting next month. The high-technology stocks, including Apple Computer and Apollo Computer, are volume leaders in the National Assn. of Securities Dealers’ national market system. The SEC last month approved limited trading in OTC options and their underlying stock on the nation’s major equity markets. Meanwhile, the NASD’s automated quotation system announced that it is seeking SEC permission to trade options based on an index of 100 of the largest companies traded on the exchange.
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