SOURCE: Pacific Exchange Inc.

June 02, 2005 14:08 ET

Pacific Exchange to Trade Global Crossing, Ixia, and Mittal Steel Options

SAN FRANCISCO, CA -- (MARKET WIRE) -- June 2, 2005 -- The Pacific Exchange (PCX) announced that on Friday, June 3, 2005, it will begin trading options on Global Crossing Ltd. (PCX: GLBC), Ixia, Inc. (PCX: XXIA), and Mittal Steel Co. (PCX: MT).

Global Crossing options will trade on the March expiration cycle with exercise limits set at 7,500,000 shares.

Ixia options will trade on the February expiration cycle with exercise limits set at 20,000,000 shares.

Mittal Steel options will trade on the March expiration cycle with exercise limits set at 37,750,000 shares.

All three issues will be traded by lead market maker Rob Kovell of PEAK6 Capital Management, LLC.

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