New option class in Spotlight Options segment
Amsterdam, Brussels, Lisbon, Paris – 20 August 2014: Today Euronext announced that trading in equity options on Euronext N.V. shares will start on the Amsterdam derivatives market as of Thursday 28th August.
The new options will be listed in the Spotlight Options section, Euronext’s special segment dedicated to the development of new option classes requested by market participants. Spotlight Options give visibility to underlying assets such as newly listed stocks, SME’s and/or assets with notable market events or activity. Through a unique combination of Liquidity Provider support and dedicated promotion by Sponsoring Brokers, underlying assets are put in the spotlight with short-term maturities options of one, two and three months.
These options are being listed in the Amsterdam Spotlight options segment following the successful IPO of Euronext N.V. on 20th June. The American-style options (ticker symbol: ENX) will expire on the third Friday of the contract month and will have initial maturities of one, two and three months. Each option will represent 100 shares in Euronext and these options will be cleared via LCH.Clearnet SA. The liquidity in the Euronext options will be supported by Susquehanna International Securities Limited.
Adam Rose, Head of Financial Derivatives at Euronext, said: “We are delighted to further expand our equity options offering through our recently launched Spotlight Options segment. These options create additional investment and trading opportunities for investors with the benefits of trading on-exchange. This means accessing standardised contracts at the best, publicly visible prices, in the absence of any counterparty risk and in a regulated environment. We will keep on expanding this segment by introducing Spotlight Options on other geographies and asset classes, responding to market demand.”
The Spotlight Options segment in Amsterdam and Brussels, launched in July, now has 12 new option classes available for trading. In the Netherlands, Spotlight Options were introduced on Telegraaf Media Groep NV, Sligro Food Group NV, Exact Holding NV, Accell Group NV, Altice SA and BE Semiconductor Industries NV.In Belgium, Spotlight Options were introduced on EVS Broadcast Equipment SA, Cardio3 Biosciences SA, Euronav NV, Ablynx NV and Telenet Group Holding NV.