The Pacific Exchange has announced the beginning of trading in options on Impac Mortgage Holdings Inc. and United Dominion Realty Trust Inc.The options of both companies will trade on the January expiration cycle, with exercise limits set at 3.15 million shares. The lead market makers will be Steven D. Juno and Ethan Dorr of Cutler Group LP. The exchange can be found on the Web at http://www.pacificex.com.

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