American Stock Exchange Plans Warrants On Multiple Currencies

EXCHANGES

The American Stock Exchange (Amex) has received Securities and Exchange Commission (SEC) approval to launch multiple foreign currency warrants. The addition of multiple-currency warrants--essentially warrants based on two or more underlying currencies--complements the Amex's clearance to trade single-currency warrants based on 10 separate currencies.

The exchange expects to begin trading multiple currency warrants--based on the value of the U.S. dollar in relation to a combination of major fo