The derivatives arm of London Stock Exchange Group multilateral trading facility Turquoise, is set to offer trade reporting on 19 UK single stock options linked to UK-listed natural resources equities.
From Monday 10 June, Turquoise Derivatives will offer the new options based on underlying stocks that are predominantly constituents of the FTSE 100 or FTSE 250.
All the options are based on UK-listed mining, oil and gas equities, and include Centrica, Glencore Xstrata and Rio Tinto.
Turquoise Derivatives said its members will have the opportunity to benefit from cross-margining with positions held in options and futures within its existing suite of single stock products.
Clients increasingly demand increased product specialisation, according to LSEG and it plans to further expand its offering in the future.
Commenting on potential future developments in UK single stock options, Nicolas Bertrand, head of equity and derivatives markets at LSEG, said: "We are looking at the broader equity space and order book side of things. At the moment these products are only in the cleared space, but there are a lot of opportunities to expand into the order book business and we want to offer that in the near future."
The new products will clear through LSEG-owned Anglo-French clearing house LCH.Clearnet alongside the current derivatives offering. Until September, trade reporting, clearing and expiry fees will not be charged.