NYSE Liffe, the Europe-based derivatives business of NYSE Euronext (NYX) is adding options on the shares in UNIT4 N.V. (ticker symbol: UNT) to its highly successful range of equity option classes. Trading in options on UNIT4 will start on 24 August. The new option class will be introduced on the Amsterdam derivatives market of NYSE Liffe.
Alan van Griethuysen (pictured), Business Head Benelux and Asia of NYSE Liffe, says: “With the listing of options on UNIT4 we are further expanding our equity option franchise on the central market. We are pleased investors in UNIT4 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 nine months. Each option will represent 100 shares in UNIT4 and will be cleared via LCH.Clearnet SA. NYSE Liffe will select up to three PMMs and nine CMMs as liquidity providers. Trading will take place on LIFFE Connect.
The market for UNIT4 options will be supported by NYSE Liffe’s highly successful ‘full screen’ central market model, developed in Amsterdam, and also used in Brussels, London and Paris. This model gives investors access to competitive prices throughout the trading day by ensuring a constant display of bid and offer prices, thus improving on-screen liquidity, enhancing the quality of the market and providing added value for customers.
In the first half of 2011, 79 million equity options were traded on NYSE Liffe, half of which were traded on the Amsterdam market. After this option listing on UNIT4 all of the AEX funds as well as 22 of the AMX® funds have listed options.
Alan van Griethuysen (pictured), Business Head Benelux and Asia of NYSE Liffe, says: “With the listing of options on UNIT4 we are further expanding our equity option franchise on the central market. We are pleased investors in UNIT4 will also have access to our liquid and highly competitive options market.”
The market for UNIT4 options will be supported by NYSE Liffe’s highly successful ‘full screen’ central market model, developed in Amsterdam, and also used in Brussels, London and Paris. This model gives investors access to competitive prices throughout the trading day by ensuring a constant display of bid and offer prices, thus improving on-screen liquidity, enhancing the quality of the market and providing added value for customers.
In the first half of 2011, 79 million equity options were traded on NYSE Liffe, half of which were traded on the Amsterdam market. After this option listing on UNIT4 all of the AEX funds as well as 22 of the AMX® funds have listed options.
