NYSE Liffe has launched options on the shares of Dutch-based Delta Lloyd Group to its equity option classes. The Delta Lloyd options will be introduced on the Amsterdam derivatives market of NYSE Liffe.
According to NYSE Liffe, the market for Delta Lloyd options will be supported by its central market model. The model gives investors access to competitive prices throughout the trading day by ensuring a display of bid and offer prices, and improving on-screen liquidity, enhancing the quality of the market and providing added value for customers.
The company said that these options will expire on the third Friday of the contract month and will have initial lifetimes of one to nine months. Each option will represent 100 shares in Delta Lloyd and will be cleared via LCH Clearnet. Trading will take place on LIFFE Connect.
Alan van Griethuysen, business head of NYSE Liffe, said: “We are delighted to see that there is a very strong demand for Delta Lloyd options. During the selection procedure for liquidity providers five Primary Market Makers have been selected to participate in a ‘play-off’ for the three Primary Market Makers roles. They all committed to the highest size level and tightest spreads.”
