Introduction of options on the 30 most liquid U.K. shares
On January 18, 2010, we have launched new equity options based on 30 of the most liquid
British shares, additionally to our Single Stock Futures portfolio on British
underlyings. With this new product suite, we will also offer British pence denominated
equity options with home market settlement for the first time. All clearing and
settlement services will be provided by Eurex Clearing with home market delivery via
the CREST system of Euroclear U.K. & Ireland Limited.
The launch represents an important step in our strategy to continuously expand our product
offering with options on the most important European blue chip stocks. The new U.K. equity
options extend our broad coverage of the STOXX® Europe 600 index components as well as
options on all STOXX Europe 50® Index components. U.K. equity options will enable our
customers to better hedge their exposure to the U.K. equity market.
The new U.K. equity options have a contract size of 1,000 shares and will have expiration
dates of up to 24 months. Additionally, they are admitted to OTC trading facilities: the
U.K. equity options can be traded via the OTC Block Trade as well as the OTC Flexible
Options facility with a minimum contract size of 100 contracts. Furthermore the contract
specifications are similar to those of the existing options.
U.K. equity options at a glance
Options on
Product ID
Min. Price Change in GBp
AstraZeneca
AZA
0.50
Aviva
CUA
0.25
BAE Systems
AER
0.25
Barclays
BBL
0.25
BG Group
BGG
0.50
BHP Billiton
BLT
0.50
BP
BPT
0.25
British Sky Broadcasting
BSK
0.25
BT Group
BTG
0.25
Cable & Wireless
CAW
0.25
Centrica
CTR
0.25
Compass Group
CPG
0.25
Diageo
GNS
0.50
GlaxoSmithKline
GXO
0.50
HSBC
HSB
0.25
Legal & General
LGE
0.25
Lloyds Banking Group
TSB
0.25
Marks & Spencer
MKS
0.25
National Grid
NGG
0.25
Prudential
PRU
0.25
Rio Tinto
RTZ
0.50
Royal Bank of Scotland
RBS
0.25
Royal Dutch Shell B
SHL
0.50
RSA Insurance Group
RYL
0.25
J Sainsbury
SAN
0.25
Standard Chartered
SCB
0.50
Tesco
TCO
0.25
Vodafone Group
VOD
0.25
Xstrata
XST
0.25
You can find furhter information in circular 233/09 as well as the
factsheet
or contact Christian Csomos on T +44-20-78 62-72 35, e-mail:
and
Reny Morsch on T +44-20-78 62-72 30, e-mail:
Wholesale Trading
Benefit from the combination of customized trading and standardized clearing through one of our
Wholesale Trading Facilities available for equity derivatives: