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Euronext Paris Today Opened Trading In New Equity Options On Arcelor

Date 11/06/2002

Euronext Paris today opened trading in new options on the shares of Arcelor. These include:
  • an American-style option (i.e., may be exercised at any time up to expiry) with contracts covering five due dates--three monthly and two quarterly; with cycles in March, June, September and December. Symbol: LOR - Euroclear code: 5786
  • and a European-style option (i.e., that can only be exercised at the due date) with contracts covering four due dates in the March and September cycles. Symbol: LO3 - Euroclear code: 351139

CIC Equity Derivative is entitled to be the specialist market maker in these long-term options classes.

All classes have been admitted to the market's continuous trading section. Trading units are by ten of the underlying shares.

Created from the merger of three European steelproducing groups - Aceralia, Arbed, Usinor -, Arcelor establishes itself as the reference in the world of steel. The group guarantees an outstanding and highly diversified offer of products and services on its main markets: automotive industry, construction industry, domestic appliances, packaging, engineering. With about 110,000 persons in 60 countries, Arcelor is the first global steelmaker with a production of about 43.5 million tons of steel and a turnover of €27 billion for 2001.

At the close of trading on 10 June 2002, market capitalization stood at €7 935 million for Arcelor.

There are currently 75 companies represented by 123 equity options on the Euronext Paris market dedicated to equity and index derivatives. In the first five months of the year, equity options traded on Euronext Paris turned in a record performance with daily trading volumes of over 1.18 million lots. This is 121% higher than in the same period of 2001.