Euribor multi-serial options trade 2.2 million contracts
NYSE Liffe, the Europe-based derivatives business of NYSE Euronext, says its multi-serial options on Euribor have traded over two million lots in two months.
NYSE Liffe launched multi-serial options on Euribor on 19 January to offer further hedging opportunities to customers.
Multi-serial options are long dated non-quarterly delivery months, delivering into quarterly futures.
Since launch, the new Euribor multi-serial options have traded 2.2 million contracts.
The Euribor options market has an average daily turnover of 716,000 contracts in 2010 – a 51 per cent increase on a record 2009 - and open interest currently stands at over 14 million contracts.
Paul MacGregor, director of NYSE Liffe fixed income derivatives, says: “The multi-serial options have quickly added a new trading dimension to a super-liquid market, and their performance has exceeded our expectations.”
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