The launch of these options follows the listing of Aperam, the demerged stainless, electrical and specialty steel activities of ArcelorMittal, which took place on January 26. On the same day Aperam was also included in the AEX-index.
The Aperam options will be introduced on the Amsterdam derivatives market of NYSE Liffe.
These new American-style options will expire on the third Friday of the contract month and will have initial lifetimes of one to 12 months. Each option will represent 100 shares in Aperam and will be cleared via LCH.Clearnet, said NYSE Liffe.
Liquidity in the options will be supported by marketmakers 323 Trading, Caerus and Kemp Trading. Trading will take place on LIFFE CONNECT.
NYSE Liffe business head Benelux and Asia Alan van Griethuysen said with the listing of options on Aperam NYSE Liffe is further expanding its equity option franchise on the central market.
"We are pleased investors in Aperam will also have access to our liquid and highly competitive options market," Griethuysen said.
