Over 800 contracts were traded on this first, successful trading day (launch started at noon). SNS REAAL has been listed on Eurolist by Euronext in Amsterdam since 18 May 2006. Liquidity in the new options on SNS REAAL N.V. (symbol: SR) is supported by 4 primary market makers and 2 competitive market makers. The options expire on the third Friday of the contract month, and initial lifetimes range from three months to nine months. Each option contract represents 100 shares in SNS REAAL N.V. and will be cleared via LCH.Clearnet.
Alan van Griethuysen, Executive Director of Sales at Euronext.liffe said: “SNS REAAL shares have enjoyed brisk trading since the company's flotation on 18 May 2006. The listing of options on the share is expected to boost the share's liquidity even further, thanks to the way the stock market and the options market interact. Both markets benefit from this interaction and ultimately operate more efficiently together than separately.”
The options will be available for trading on LIFFE CONNECTÒ via the highly successful central market model used in Amsterdam and Brussels. The market model operated in Amsterdam and Brussels provides investors with competitive prices throughout the trading day. Tradeable bid and offer prices are displayed continuously, enhancing on-screen liquidity and the quality of the market, and adding value for customers.
About Euronext.life
Euronext.liffe is the derivatives business of Euronext. It is the world's second largest derivatives
exchange, measured by the value of the business transacted via the exchange every day.
Euronext.liffe has created a single market for derivatives by bringing all its derivatives products
together on a single electronic trading platform, LIFFE CONNECT®. The replacement of multiple
trading venues with a single market has made cross-border trading easier and cheaper. For more
information, please visit www.euronext.com.