Euronext Puts SpotLight on Short Maturity Options Offering

Wednesday, 20/08/2014 | 20:57 GMT by Adil Siddiqui
  • Pan-european multi-asset trading venue extends its derivatives instrument list. Amsterdam-based, Euronext Exchange, launches a new set of Spotlight Options on Euronext NV taking the total offering to twelve.
Euronext Puts SpotLight on Short Maturity Options Offering

Short maturity option traders will benefit from an extended range of derivatives products available on Euronext. The Amsterdam headquartered bourse has extended the number of Spotlight Options it offers. The move highlights the Multi-Asset trading venues strong take-up of diversified offerings for European and international traders.

The Exchange , which first launched its range of Spotlight Options in July has increased its total product offering to twelve instruments. The new instruments will be traded on the Amsterdam derivatives market. Spotlight Options is gaining traction among users as they give visibility to underlying assets such as newly listed stocks, SMEs and/or assets with notable market events or activity.

Adam Rose, Head of Financial Derivatives at Euronext, commented about the new offerings, saying: “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.”

According to the official notification, the exchange outlined the contract's specifications: "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."

Short maturity option traders will benefit from an extended range of derivatives products available on Euronext. The Amsterdam headquartered bourse has extended the number of Spotlight Options it offers. The move highlights the Multi-Asset trading venues strong take-up of diversified offerings for European and international traders.

The Exchange , which first launched its range of Spotlight Options in July has increased its total product offering to twelve instruments. The new instruments will be traded on the Amsterdam derivatives market. Spotlight Options is gaining traction among users as they give visibility to underlying assets such as newly listed stocks, SMEs and/or assets with notable market events or activity.

Adam Rose, Head of Financial Derivatives at Euronext, commented about the new offerings, saying: “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.”

According to the official notification, the exchange outlined the contract's specifications: "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."

About the Author: Adil Siddiqui
Adil Siddiqui
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About the Author: Adil Siddiqui
  • 1625 Articles

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