A broader range of Single Stock Options available on Euronext

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Euronext expands its range of pan-European derivatives contracts to offer broader trading opportunities to market participants.

Euronext currently offers an extensive range of Single Stock Options on Belgian, Dutch, French, German, Italian and Norwegian underlyings, and is expanding this scope by listing new options domiciled in additional European countries, to offer a unified and interdependent derivatives market in Europe.

Investors can now gain exposure on new German, Irish and Portuguese underlyingswhile benefitting from a single pool of liquidity and clearing efficiencies with Euronext's own CCP, Euronext Clearing.

Gain exposure on all the stocks in the DAX 40 Index with the German Equity Options

To complete the twenty pre-existing German Equity Options listed in 2019, Euronext is introducing new German Single Stock Options, making all constituents of the German national index now available for trading via Euronext. 

List of German stock options

Introduction of Irish and Portuguese Single Stock Options

Leverage more investing opportunities with the first-listed Irish Options on Euronext Amsterdam, and new Portuguese Options on Euronext Lisbon, positioning Euronext as the only exchange to offer options on Portuguese stocks.

list of portuguese stock options

List of Irish stock options

Key benefits of trading these new options

  • A single order book, powered by Euronext’s Optiq trading platform
  • A unique pool of liquidity gathering a diversified range of investors from retail participants to market makers
  • Robust risk management capabilities via Euronext Clearing
  • Significant clearing efficiencies at the portfolio level and cross-product margin offsets thanks to Value-at-Risk margin methodology
  • Attractive and competitive pricing for all account types
  • Leverage on local Central Securities Depositories for reduced settlement fees and increased post-trade capability:
    - German Options: Clearstream Bank A.G. or Euroclear France
    - Irish Options: Euroclear Bank
    - Portuguese Options: Euronext Securities Porto

Download the brochure

Liquidity guaranteed by supportive market makers, including:

Susquehanna-Logo2024

 

 

New Euronext Single Stock Options in the spotlights

Read the press release

Looking back on the bell and gong ceremonies organised in Lisbon and Amsterdam

More information about options at Euronext

What is an option and how does options trading work?   Euronext Options Investing E-learning

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Commodities Newsletter - Spring 2024

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Volume & highlights of the quarter

Q1 2024 was our best quarter ever in terms of volume and ADV, primarily driven by Euronext Wheat and Rapeseed Futures contracts. 

The volatility in the grains markets dropped in the beginning of 2024 which, along with low price levels, limited the interest in options while creating more interest in futures. Grains prices had been declining throughout the first quarter amid limited demand from destinations and ample supply from the Black Sea region.

Additionally, the weather conditions for the new crop were rather favourable in this region and in the United States, adding pressure on the prices. This bearish trend prompted some market players to readjust their positions, resulting in an increase in traded volumes.

In Q1 2024, we saw +30% in total volume vs Q1 2023, and +24% vs Q4 2023.

It was also a record month for total volume, with 2.8 million futures and options lots traded in February 2024.

Commodities Chart
Euronext MATIF contracts


Consultation on Euronext Corn

In 2023, we consulted the corn market to see how to improve our existing offering.

The qualitative consultation was followed by an online questionnaire. The objective was to meet market players' needs when deciding on potential changes to the Corn Futures contract and functionality.

You will find the conclusion of the questionnaire below, with several suggestions that seem to be a good starting point for us to deep dive. 

We will evaluate the different options in detail and publish our decision later.

Corn Questionnaire Results
Corn Questionnaire Results


Latest news about the Durum Wheat contract

The attraction for the durum wheat contract is growing. In March 2024, it settled with open positions for the first time, and we expect more volumes in the coming months.

The evolution of the Sitagri European Durum Wheat Index (SEDWI) is available on the Euronext website and its weekly average, provided by FinanceAgri, is published every Monday.

For more information, visit the Durum Wheat webpage

Introducing the Euronext Salmon Futures

We will soon release a new cash-settled futures contract on salmon, listed on Euronext Paris.

Based on the Sitagri Salmon Spot Index (SISALMONI), this contract will be available in the EUA test environment from 6 June 2024. The first trading day is scheduled for Monday 22 July 2024.

News on the clearing migration

Euronext Clearing became the default CCP for our cash markets in Amsterdam, Brussels, Dublin, Lisbon and Paris in Autumn 2023. It currently clears equities, ETFs, structured products, warrants, and bonds across six Euronext markets, including the Italian markets.

Subject to regulatory approval, the migration of our listed commodity derivatives contracts to Euronext Clearing will be on 1 July 2024.

For more information, check out the annexes of the delivery procedure:

Milling Wheat Futures   |   Corn Futures   |   Rapeseed Futures

New Head of Agricultural Commodities

Robin Maisonneuve

 

 

Effective as of 1 April 2024, Robin Maisonneuve has been appointed as Head of Agricultural Commodities, based in Paris. His role includes overseeing the activities of the Euronext MATIF franchise.

Find out more

See all our contracts on the Euronext Live Markets website.

Contact our team: commodities@euronext.com 

R18220 - Senior IT Auditor

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Submitted by master_of_puppets1 on

Internal Audit overall presentation

The Internal Audit team supports Euronext in achieving its objectives by providing independent, objective assurance and advisory services to help management evaluate and improve the effectiveness of risk management, control and governance processes.

Predict lists on Euronext Growth Milan

R18073 - Digital Application support

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Microstrategy Indices with Leverage Shares ETPs

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What are Euronext Microstrategy Indices

Our Leveraged and Short Indices are tailored for sophisticated investors aiming to maximize returns from MicroStrategy’s stock movements. These indices serve as the foundation for Leverage Shares ETPs, providing both long and inverse exposure to the stock's performance.

Key Indices Include:

  • Euronext MicroStrategy 3x Leverage Index: Delivers 300% of the daily performance of MicroStrategy’s stock.
  • Euronext MicroStrategy 3x Short Index: Offers 300% of the inverse daily performance, allowing investors to benefit from downward movements.

The indices are denominated in USD.

More details on Leverage Shares products:  https://leverageshares.com/en/

Euronext indices are used by financial institutions all around the world with more than 15,000 ETFs, funds and derivatives associated to our indices with billions of AUM.

Learn more about Euronext Indices

As a leading index provider in Europe for 40 years, Euronext has extensive expertise across a wide range of ESG and thematic indices, and is strongly engaged in supporting the financial sector’s sustainable transition. 

 

Contact us at index-team@euronext.com for any queries.

 

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Volatility spikes and market quality resiliency since August 2024

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Volatility spikes and market quality resiliency since August 2024

When the "fear index" spikes, we no longer have to be afraid for European market quality

This report focuses on the volatility spikes triggered by global economic events at the beginning of August 2024 and their impact on market quality. It highlights the exchange’s role in ensuring efficient price formation during periods of market turbulence, with an analysis of key market quality indicators, showing Euronext’s superior stability and performance amid increased volatility.


Executive summary

  1. Macroeconomic context: Spikes in volatility across global equity markets at the beginning of August 2024 were driven mainly by (a) the higher-than-expected unemployment rate in the US and (b) the Bank of Japan's decision to raise interest rates for the second time since 2007. These announcements followed the short-term volatility spike in July after elections in France.
  2. Volatility figures: On 5 August 2024, the volatility indices in the US (VIX) and Europe (VSTOXX) reached their highest levels respectively since the Covid pandemic in March 2020 and the Ukraine-Russia geopolitical crisis which started in March 2022.
  3. Market quality: Analysis of the recent volatility spikes in August 2024 shows that Euronext maintained stronger market quality than alternative venues, given (a) its crucial role in the price formation process, and (b) efficient liquidity programmes. Market participants in Europe have become more resilient in responding to volatility, and they prioritise Primary Exchanges as a ‘safe haven’ during market turmoil.


Methodology

  • Market quality metrics are analysed for the main Euronext Indices. Trading venues considered are Euronext, Cboe Europe (Cboe), Aquis Europe (Aquis), Turquoise Europe (Turquoise).
  • Volatility is evaluated using the VSTOXX® Index (V2TX), which measures the volatility of the EURO STOXX 50 Index.
  • The market quality data in this study is sourced by the independent providers BMLL Technologies and BigXYT. Three metrics are analysed:
    - Average Spread: the mean bid-ask spread of the day, given in basis points relative to the mean mid-point price.
    - European Best Bid & Offer (EBBO) Setting: The number of events where a venue improved the consolidated best ask and bid price, as a percentage of the number of all consolidated ask and bid price improvement events for the instrument.
    - Liquidity at Touch: The time-weighted average amount of notional around at the BBO.
    - Exclusive EBB Presence by Role: The classification of an exchange's role when exclusively at EBB. It can either improve the best bid by setting a new best price (active setter) or maintain its price as all other venues’ BB worsens (passive lagger).

Download Equity Liquidity Analysis - Volatility spikes and market quality resiliency since August 2024

 

ONWARD Medical lists on Euronext Paris