The FINANCIAL -- On July 21, Euronext expands its Spotlight options offering with new options on IMCD N.V, a leading distributor of speciality chemicals and food ingredients. The options follow the company’s successful IPO on Euronext and are available for trading on the Amsterdam market with immediate effect.
The Spotlight segment is dedicated to the development of new option classes requested by market participants. The Spotlight options on Euronext-listed underlying values have short-term maturities of one, two and three 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. Since the launch of the segment on the Euronext Amsterdam and Brussels derivatives markets in July 2014, more than 140,000 contracts have been traded, according to EURONEXT.
Piet van der Slikke, CEO of IMCD, commented: “We are very pleased that Euronext Amsterdam has decided to launch options on IMCD. After the IPO in June 2014, the inclusion in the Euronext Amsterdam Midcap index in March 2015 and the successful issuance of 2.6 million new shares last May, this is a next step in the further enhancement of the liquidity and trading opportunities in IMCD shares.”
“With the listing of options on IMCD we are further expanding our successful Spotlight options segment, which now consists of 16 option classes,” said Adam Rose, Head of Financial Derivatives at Euronext. “We are pleased investors in IMCD will also have access to our liquid and highly competitive options market.”