NYSE Liffe, the Europe-based derivatives business of NYSE Euronext (NYX), will add options on the shares of the Dutch company AMG Advanced Metallurgical Group N.V. (AMG) to its highly successful range of equity option classes. The AMG options will be introduced on the Amsterdam derivatives market of NYSE Liffe on 12 November 2009.
Alan van Griethuysen, business head Benelux and Asia of NYSE Liffe commented: “We are delighted to see that there is a healthy demand for new equity option classes, amongst both professional traders and private investors. Half of the turnover in Mediq options, the most recent option class we launched, comes from private investors. We are also expecting a significant amount of interest in the AMG options.”
These new American-style options (ticker symbol: AMG) will expire on the third Friday of the contract month and will have initial lifetimes of 1, 2, 3, 6 and 9 months. Each AMG option will represent 100 shares in AMG and will be cleared via LCH.Clearnet SA. Liquidity in the options will be supported by Primary Market Makers All Options, Munnik Opties & Futures Trading and Scrocca Option Trading and Competitive Market Maker Calimero Trading. Trading will take place on LIFFE CONNECT®.
The market for AMG 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.
In the first ten months of the year, 140 million equity options were traded on NYSE Liffe in 2009. More than 50% of this volume was traded on the Amsterdam market. NYSE Liffe trades equity futures and options on almost 1,000 leading European stocks through LIFFE CONNECT® and Bclear.
