NYSE Liffe to launch equity options on Aperam
Amsterdam, 31 January 2011 – Today NYSE Liffe, the Europe-based derivatives business of NYSE Euronext (NYX), announced that it will add options on the shares of Aperam (ticker symbol: APAM) to its highly successful range of equity option classes. The launch of these options follows the successful listing of Aperam, the demerged stainless, electrical and specialty steel activities of ArcelorMittal, which took place on January 26. On the same day Aperam was also included in the AEX-index. The Aperam options will be introduced on the Amsterdam derivatives market of NYSE Liffe.
Alan van Griethuysen, Business Head Benelux and Asia of NYSE Liffe commented: “With the listing of options on Aperam we are further expanding our equity option franchise on the central market. We are pleased investors in Aperam will also have access to our liquid and highly competitive options market.”
These new American-style options will expire on the third Friday of the contract month and will have initial lifetimes of one to twelve months. Each option will represent 100 shares in Aperam and will be cleared via LCH.Clearnet SA. Liquidity in the options will be supported by market
makers 323 Trading, Caerus and Kemp Trading. Trading will take place on LIFFE CONNECTÒ.
In 2010, 175 million equity options were traded on NYSE Liffe. Almost 50% of this volume was traded on the Amsterdam market. NYSE Liffe lists stock options (also known as individual equity options) on over 250 leading European companies via the Amsterdam, Belgian, London and Paris central order books.