Euronext is to launch Spotlight options on ABN AMRO Group as of 26 November on its Amsterdam derivatives market. The options (ABN) follow the company’s successful IPO and listing on Euronext Amsterdam, that took take place on 20 November.
Spotlight options are a special segment on the derivatives markets of Euronext, dedicated to the development of new option classes on newly listed companies and other securities requested by market participants. These options give additional visibility to underlying assets through a unique combination of liquidity provider support and promotion by sponsoring brokers. The options classes initially have short-term maturities of one, two and three months. When they take root, additional maturities will be introduced.
Liquidity in the ABN AMRO options will be supported by 323 Trading, Caerus, IMC Trading, Kemp Trading, Optiver, Scrocca Option Trading, Susquehanna and Commerzbank, who all will act as Liquidity Provider.
Adam Rose (pictured), Head of Financial Derivatives at Euronext, says: “We are delighted to announce the launch of the ABN AMRO options. With the listing of these new contracts we are further expanding our successful Spotlight options offering. These options provide significant added value to the liquidity of the underlying assets and diversify the investment opportunities for retail and professional investors in ABN AMRO.”
