Euronext has launched Spotlight Options on six companies listed on its Amsterdam market: Telegraaf Media Groep, Sligro Food Group, Exact Holding, Accell Group, Altice and BE Semiconductor Industries.
Spotlight Options give more visibility to underlying assets such as medium and smaller sized companies and newly listed stocks through a unique combination of liquidity provider support and strong promotion by sponsoring brokers.
Spotlight Options are a special segment on the Amsterdam and Brussels derivative markets of Euronext, dedicated to the development of new option classes requested by market participants.
The options will have short-term maturities of one, two and three months. The liquidity in these option classes will be supported by Susquehanna.
René Takens, chairman of the management board of Accell Group, says: "We are honoured and delighted to be part of the kick-off for the launch of a new option class on the Amsterdam stock exchange that will contribute positively to the liquidity of the Accell Group share. The Spotlight Options segment fits well within the innovative nature of Accell Group as we continuously strive to create distinctive and innovative bicycle and fitness products and services.”
Adam Rose, head of financial derivatives at Euronext, says: “Spotlight Options will allow investors to enlarge their option portfolio in our transparent, regulated and cleared trading environment. This is another initiative from Euronext to diversify and build its derivative portfolio and offer attractive and innovative investment opportunities for its broad range of retail and institutional investors.”
The Spotlight Options will create additional investment and trading opportunities in SMEs and newly listed stocks. In a second phase Euronext will expand the segment via the introduction of Spotlight Options on other geographies and asset classes, responding to market demand. On Euronext Brussels, five Spotlight option classes will be introduced on 15 July.
