Euronext introduces End-of-Month (EOM) index options on the AEX and CAC 40, further expanding options trading opportunities.
The addition of the End-of-Month maturity expands the existing options calendar and provides users with standardised expiries that align with the last trading day of each month. These new maturities provide increased transparency for options trading directly on the central order book.
The new EOM maturities have been designed to support trading participants involved in structured product trading, swaps, or month-end rebalancing. By aligning expiries with month-end activity, these contracts will allow trading participants to execute trades with more accurate and efficient hedging strategies.
The AEX options market provides a widely used benchmark for Dutch equity exposure.
The CAC 40 options are used for managing French index exposure.
Key features of the end-of-month index options on the AEX and the CAC 40:
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Each index will feature three end-of-month expires per underlying: For example, on 1 January, clients will be able to trade EOM options expiring on the last trading of January, February and March.
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End-of-Month contracts will replace any contract expiring on the last trading day of each month. This means that for any daily or weekly expiring contract, these will not be made available on this day.
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Trading and clearing fees for EOM index options will follow the pre-existing fee grids for monthly option contracts relative to each index underlying.
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The AEX and CAC 40 EOMs will expiry at the same time as the monthly contracts: 16:00 CET.