NYSE Liffe announced that it will be introducing American-style options on the shares of the Dutch company Arcadis from 26 May 2009. These new options (ticker symbol: ARC) will expire on the third Friday of the contract month and will have initial lifetimes from 3, 6, 9 quarterly contract months. Each Arcadis option will represent 100 shares in Arcadis and will be cleared via LCH.Clearnet. Liquidity in the options will be supported by two primary market makers (PMMs) and two competitive market makers (CMMs), and trading will take place on LIFFE CONNECTÒ. The selection of the Liquidity Providers will take place on 8 May.
The market for Arcadis options will be supported by the highly successful ‘full screen’ central market model pioneered in Amsterdam, and 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.
Alan van Griethuysen, business head Benelux and Asia of NYSE Liffe said: “We now offer an even more complete range of Dutch equity options. With the listing of options on Arcadis, 17of the 25 Amsterdam Midkap-index constituents will have an option listing, just as all of the AEX-index constituents already have.”
On 31 March NYSE Liffe celebrated one year of trading in the highly successful daily options on the AEX index. Daily options are designed for investors who want to trade the day-to-day movements in the index caused by breaking news. During its first year of trading over 3.7 million daily AEX-index option contracts were traded.