Euronext to introduce OCI NV

PUBLISHED: Dec 09 2013 @ 05:22 | Comments (0) |

Euronext NV, a wholly owned subsidiary of IntercontinentalExchange Group(NYSE:ICE), has revealed that it will introduce options on the shares of OCI NV. The options will be available as of Friday 13 December on the derivatives market of Euronext Amsterdam.

OCI N.V. is an international nitrogen fertilizer producer and engineering & construction contractor, with projects and investments across Europe, the Americas, the Middle East, North Africa and Central Asia. OCI employs more than 74,000 people in 35 countries around the globe.

The newly listed options follow the successful listing of OCI on Euronext Amsterdam on 25 January 2013. Since September 2013, OCI N.V. has been a constituent of the AMX-Index, the index for mid-sized companies listed on Euronext Amsterdam. By adding these new options Euronext is expanding the number of equity option classes on AMX companies to 22. In addition, all constituents of the AEX-Index have an equity option listing.

Frank Ammerlaan, Head of Sales & Client Coverage Benelux for Euronext, said the exchange was “pleased to announce the introduction of the OCI options, providing investors with new investment opportunities.The Amsterdam derivatives market of Euronext is a highly liquid and competitive market, with a large number of direct market participants trading in a wide and successful range of equity option classes.

“The OCI options are a great addition to our option series and increase the range of options on large internationally oriented companies.”

These new American-style options (option trading symbol: OCI) will expire on the third Friday of the contract month and will have initial maturities of 1, 2, 3 and 6 months. Each option will represent 100 shares in OCI and will be cleared via LCH.Clearnet SA.

Euronext currently lists over 200 equity options (also known as individual stock options) on leading European companies via the Amsterdam, Brussels, London and Paris central order books.

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Ltd. ADVFN Ltd does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.