The FINANCIAL -- Euronext, the primary exchange in the Eurozone, on June 26 expanded its Spotlight segment with options on the shares of Refresco Gerber, the leading European bottler of soft drinks and fruit juices for retailers and A-brand owners. The new options that are available for trading on the Amsterdam market follow the company’s recent successful IPO on Euronext Amsterdam.
The Spotlight segment is dedicated to the development of new option classes requested by market participants, on its Amsterdam and Brussels derivatives markets. The Spotlight options on Euronext-listed underlying values have short-term maturities of 1, 2 and 3 months. The combination of added liquidity and visibility allows the option classes to grow to become mature option classes. If these option classes take root, additional maturities will be introduced, according to Euronext.
Since the introduction of the Spotlight options in July 2014, 14 option classes have been made available in the segment and more than 130,000 contracts have been traded. Following strong activity and demand Alticewas the first spotlight option to be promoted recently to a standard option class.
“We are delighted to see the strong growth of our Spotlight segment”, said Adam Rose, Head of Financial Derivatives at Euronext. “Spotlight Options create additional investment opportunities and help to increase liquidity in SMEs and newly listed stocks, to the benefit of both investors and our listed companies.”