Euronext Introduces Equity Options on OCI N.V.
13 December 2013
OCI N.V. (NYSE Euronext: OCI) announced today that Euronext N.V., a wholly owned subsidiary of IntercontinentalExchange Group, Inc. (NYSE: ICE), will introduce options on OCI N.V. shares. The options will be available on the derivatives market of Euronext Amsterdam as of Friday 13 December.
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.
The newly listed options follow the successful listing of OCI N.V. 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.
Nassef Sawiris, Chief Executive Officer of OCI N.V. commented: “We are delighted that Euronext is launching options on OCI N.V. shares, which will extend the range of investment possibilities to our investor base and facilitate higher trading liquidity. We want to thank Euronext for their continued cooperation and support.”
Frank Ammerlaan, Head of Sales & Client Coverage Benelux for Euronext, commented: “We are 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.”