NYSE Liffe to launch equity options on Ziggo
NYSE Liffe introduceert aandelenopties op Ziggo
Amsterdam, Brussels, Lisbon, London and Paris - 30 March, 2012 - NYSE Liffe, the Europe-based
derivatives business of NYSE Euronext (NYX), will add options on the shares of Ziggo to its highly
successful range of equity option classes. The launch of options follows the successful initial public
offering of Dutch cable operator Ziggo which took place on March 21st. This IPO was the largest in
Europe in almost a year. The Ziggo options will be introduced on the Amsterdam derivatives market
of NYSE Liffe on 12 April 2012.
Ade Cordell, Executive Director of Equity Derivatives at NYSE Liffe, commented: “We are pleased
to announce the launch of Ziggo options which will provide our customers with new investment
opportunities. The new Ziggo options enable investors to hedge their share positions and to benefit
from price fluctuations. A new options listing is also beneficial to the liquidity of the underlying
Bernard Dijkhuizen, CEO of Ziggo, said: “The new listed options will enhance Ziggo’s profile in the
investment community and contribute to the liquidity of the shares. This is another step in offering
investors an even more complete range of opportunities to invest in Ziggo.”
These new American-style options (ticker symbol: ZGO) 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 Ziggo and will be cleared via LCH.Clearnet SA. NYSE Liffe will select up to three PMMs
and nine CMMs to support liquidity in the options.
In the first 2 months of 2012, 22 million equity options were traded on NYSE Liffe, which trades
equity futures and options on more than 1,000 leading European stocks.
NYSE Euronext Amsterdam
(+31) (0) 20 550 4110