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Intal B.V., Madron B.V and Optra v.o.f. will act as primary market maker to support trading in these securities.
According to Alan van Griethuysen, Euronext.liffe's sales director, Euronext.liffe lists the options on Versatel and LogicaCMG as the underlying shares have become more popular in the last year as measured by value of turnover. As a result of high volumes Versatel will enter the AEX index of the 25 most traded shares in Amsterdam as of 2 March 2004. As of the same date, LogicaCMG will enter the Amsterdam Micap index (AMX). The introduction of these equity options is therefore a valuable addition to Euronext.liffe's wide range of products.
In 2003, almost 251 million individual equity option contracts were traded on the various marketplaces operated by Euronext.liffe, Euronext's derivatives market. Euronext.liffe has in total 225 equity options listed on its markets. In total, Euronext.liffe traded 695 million contracts in 2003, representing a value of €251 thousand billion (trillion). This makes Euronext.liffe the world's second largest derivatives exchange by volume and value.
Appendix: Contract specifications for the new options on Versatel and LogicaCMG.
The contract specifications for Versatel Telecom International N.V. share options are as follows:
| Symbol | VRS |
| Contract size | 100 shares |
| Unit of trading | 100 |
| Pricing unit | 1 |
| Currency | Euro |
| Option price | Premium x unit of trading |
| Minimum price move | s 0.05 |
| Trading hours | 9.00 – 17.25 CET |
| Option style | American |
| Contract months | Initial
lifetime: 3, 6, 9 months
Cycle: March, June, September, December |
| Last day of trading | Until 17.25 CET, the third Friday of each contract month, provided this is a business day. If it is not, the last day of trading shall be the last business day preceding the third Friday in the contract month. |
| Settlement | Delivery of 100 shares through Clearnet Amsterdam Branche |
| Clearing organisation | LCH.Clearnet S.A. |
| Reporting level | 46.000 Contracts |
| Margin percentage for the public | 25 % |
| SPAN margin parameters | As determined by LCH.Clearnet S.A. |
| Security code | 39126 |
| ISIN | NL0000391266 |
The contract specifications for LogicaCMG plc share options are as follows:
Cycle:
March, June, September, December
Symbol
LC
Contract
size
100
shares
Unit
of trading
100
Pricing
unit
1
Currency
Euro
Option
price
Premium
x unit of trading
Minimum
price move
s
0.05
Trading
hours
9.00 – 17.25 CET
Option style
American
Contract
months
Initial
lifetime: 3, 6, 9 months
Last
day of trading
Until
17.25 CET, the third Friday of each contract month,
provided this is a business day. If it is not, the
last day of trading shall be the last business day
preceding the third Friday in the contract month.
Settlement
Delivery
of 100 shares through Clearnet Amsterdam Branche
Clearing
organisation
LCH.Clearnet
S.A.
Reporting
level
74.500
Contracts
Margin
percentage for the public
30
%
SPAN
margin parameters
As
determined by LCH.Clearnet S.A.
Security
code
43050
ISIN
GB0005227086
