Salomon To Quit As P.M. FX Options Specialist; Philadelphia Looks To Reboot Flagging Session


Salomon Brothers Inc.'s decision to bow out as specialist in the currency options pits during the Philadelphia Stock Exchange's (PHLX) night session, and renewed concerns about dwindling volume during the 6 p.m. to 10 p.m. stint, sparked the exchange's currency committee to reexamine the evening session at its most recent meeting. Despite calls from some market participants to shut the session down, PHLX and member firm officials have reaffirmed their commitment to the evening session are no