Pan-European exchange operator Euronext has announced that trading in equity options on Euronext N.V. shares will begin on its Amsterdam derivatives market on 28 August.
The options will be offered through Euronext’s recently launched Spotlight Options section, which supports development of new option classes and increases visibility for underlying assets, such as newly listed stocks. Spotlight options are of short maturity and are supported by both liquidity providers and sponsoring brokers.
The launch brings the total number of options lasses available for trading on the Spotlight Options segment to 12 across Brussels and Amsterdam.
Represented by the ticker symbol ‘ENX’, each share of the new equity options will represent 100 shares in Euronext. They will expire on the third Friday of the contract month and initial maturity lifespans will be of one, two and three months. LCH.Clearnet SA will be responsible for clearing and Susquehanna International Securities Limited will provide liquidity support.
Euruonext’s head of financial derivatives, Adam Rose, stated, “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.”
Euronext shares began trading 20 June, marking the completion of its divestiture from Intercontinental Exchange (ICE), which bought NYSE Euronext in 2013. The firm is expanding its European equity derivatives offering as part of a multi-asset growth strategy and launched an enlarged suite of single stock futures in January.
Liffe, the London-based derivatives market, was previously owned by Euronext, but has been retained by ICE following its acquisition of the parent group.