NDAQ » Topics » PHLX

This excerpt taken from the NDAQ 8-K filed Aug 1, 2008.

PHLX

Attached as Exhibit 99.1 hereto and incorporated herein by reference are the unaudited consolidated balance sheets of PHLX as of March 31, 2008 and 2007, and the related unaudited consolidated statements of operations, stockholders’ equity and cash flows for the three months ended March 31, 2008 and 2007 and the related notes to such unaudited consolidated financial statements.

Attached as Exhibit 99.2 hereto and incorporated herein by reference are the audited consolidated balance sheets of PHLX as of December 31, 2007 and 2006, and the related consolidated statements of operations, stockholders’ equity and cash flows for each of the two years in the period ended December 31, 2007 and the related notes to such consolidated financial statements.

This excerpt taken from the NDAQ 8-K filed Feb 20, 2008.

PHLX

PHLX is the third largest options market in the U.S., and provides a marketplace for the trading of equity options, index options, currency options, equities and futures. PHLX operates an electronic trading platform and a trading floor, with electronic and floor contract volume split approximately 60% and 40%, respectively. The average daily volume of equity options contracts traded on PHLX for the nine months ended September 30, 2007 was 1.5 million compared to 0.5 million in 2004. Since PHLX’s average daily volume of U.S. options contracts has been growing faster than the industry, its equity options market share has increased from 10.7% in December 2004 to 15.4% in September 2007. The majority of PHLX’s revenues are based on options trading volume, with the remainder coming from floor charges, regulatory fees and other activities. PHLX’s platform is attractive to both retail investors, who tend to prefer electronic trading, and institutional investors, who typically pursue more complex trading strategies and tend to prefer to trade on the floor.

EXCERPTS ON THIS PAGE:

8-K
Aug 1, 2008
8-K
Feb 20, 2008
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