Bayer and ICI: options to trade on Philadelphia exchange

Options for chemical manufactuing companies Bayer AG and ICI PLC were to begin trading on the Philadelphia Stock Exchange the first week of February, as announcedthe exchange. Bayer AG was allocated t…

Options for chemical manufactuing companies Bayer AG and ICI PLC were to begin trading on the Philadelphia Stock Exchange the first week of February, as announcedthe exchange. Bayer AG was allocated to Timber Hill LLC, which will offer automatic executions up to 50 contracts for all orders routed through AUTOM, the PHLX“s automatic execution system for equity and sectors index options. Bayer AG will trade on a March expiration cycle with initial expiration months of February, March, June and September. Imperial Chemical Industries Plc was allocated to GPZ Trading. ICI will trade on a January expiration cycle with initial expiration months of February, March, April and July.