Today NYSE Liffe, the Europe-based derivatives business of NYSE Euronext (NYX), launched options on the shares of Royal Ten Cate (ticker symbol: TCT) extending its highly successful range of equity options. The Royal Ten Cate options were introduced on the Amsterdam derivatives market of NYSE Liffe.
Alan van Griethuysen, business head Benelux and Asia of NYSE Liffe commented:
“With the listing of options on Royal Ten Cate we are further expanding our equity option franchise on the central market. We are pleased investors in Royal Ten Cate will also have access to our liquid and highly competitive options market.”
Loek de Vries, president and ceo of Royal Ten Cate stated: “The listing of stock options enhances the liquidity of the TenCate shares. In particular retail investors can now use an additional trading instrument and options may facilitate hedging of equity positions”.
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 Royal Ten Cate and will be cleared via LCH.Clearnet SA. Liquidity in the options will be supported by market makers All Options International B.V. en Scrocca Option Trading B.V.Trading will take place on LIFFE CONNECTÒ.
In 2010, 175 million equity options were traded on NYSE Liffe. Almost 50% of this volume was traded on the Amsterdam market. NYSE Liffe lists stock options (also known as individual equity options) on over 250 leading European companies via the Amsterdam, Brussels, London and Paris central order books.
On the occasion of the introduction of the Royal Ten Cate options Loek de Vries, joined by executives of Royal Ten Cate and NYSE Euronext sounded the gong at NYSE Euronext Amsterdam, which denotes the opening of trading.
