This latest tranche, including contracts based on eight French stocks, four from Germany and three each from the Netherlands, Switzerland and the UK, is focused on offering enhanced exposure to CAC, DAX, AEX and FTSE listed blue chips. In addition, market demand has resulted in the inclusion of a contract based on an Irish stock - Elan Corporation Plc - for the first time. From 18 April 2002, LIFFE will list 118 Universal Stock Futures contracts based on blue chip stocks from 12 countries, listed in five currencies on 12 exchanges. These will be traded on one exchange, cleared and settled through one regulatory regime and traded on one electronic platform - LIFFE CONNECT™.
The latest additions to LIFFE's Universal Stock Futures range are:
|
Country |
Domestic Exchange |
Company |
Sector |
|---|---|---|---|
|
France |
Euronext Paris |
Societe Generale SA |
Banks |
|
France |
Euronext Paris |
LVMH Moet Hennessy |
Retailers |
|
France |
Euronext Paris |
Air Liquide SA |
Chemicals |
|
France |
Euronext Paris |
Groupe Danone SA |
Food/Beverages |
|
France |
Euronext Paris |
L'Oreal SA |
Non Cyclical Goods & Services |
|
France |
Euronext Paris |
Pinault-Printemps-Redoute SA |
Retailers |
|
France |
Euronext Paris |
Orange SA |
Telecoms |
|
France |
Euronext Paris |
Schneider Electric SA |
Technology |
|
Germany |
Deutsche Borse |
Bayerische Motoren Werke AG |
Automobile |
|
Germany |
Deutsche Borse |
Schering AG |
Pharmaceuticals |
|
Germany |
Deutsche Borse |
RWE AG |
Utilities |
|
Germany |
Deutsche Borse |
Commerzbank AG |
Banks |
|
Ireland |
Irish Stock Exchange |
Elan Corp Plc |
Pharmaceuticals |
|
Netherlands |
Euronext Amsterdam |
Akzo Nobel NV |
Pharmaceuticals |
|
Netherlands |
Euronext Amsterdam |
Unilever NV |
Food/Beverages |
|
Netherlands |
Euronext Amsterdam |
Fortis NV |
Banks |
|
Switzerland |
Virt-X |
Swiss Reinsurance AG |
Insurance |
|
Switzerland |
Virt-X |
Zurich Financial Services AG |
Insurance |
|
Switzerland |
Virt-X |
Swisscom AG |
Telecoms |
|
UK |
London Stock Exchange |
Prudential Plc |
Insurance |
|
UK |
London Stock Exchange |
Marks & Spencer Plc |
Retailers |
|
UK |
London Stock Exchange |
GUS Plc |
Retailers |
In response to requests from traders, particularly in European hedge and equity funds, the latest list of additions offers enhanced exposure to a number of important STOXX Indices to offer pairs, country and sector based trading of blue chip stocks.
Examples of enhanced coverage of sectors, based on weighted percentage of the indices, include:
|
Index |
Current Coverage |
Coverage from 18.04.02 |
|---|---|---|
|
DJ STOXX 600 |
60.27% |
67.75% |
|
DJ Europe STOXX 50 |
95.34% |
100% |
|
DJ Euro STOXX 50 |
86.67% |
94.40% |
|
DJ Europe STOXX Food and Beverage |
55.89% |
75.33% |
|
DJ Europe STOXX Insurance |
57.20% |
79.61% |
|
DJ Eurozone STOXX Chemicals |
41.29% |
64.22% |
|
DJ Eurozone STOXX Non Cyclical Goods and Services |
33.53% |
46.96% |
Percentage figures correct as of 23 January 2002.
Since LIFFE launched its first 25 Universal Stock Futures in January 2001, more than 2.5 million contracts have traded with a total notional underlying value of €9.31 billion (£5.76 billion).
Speaking in Frankfurt at the FOW International Derivatives Exhibition, Simon Raybould, Managing Director of Sales and Marketing, at LIFFE, said, "The latest additions to LIFFE's Universal Stock Futures offering enhance our coverage of major European indices. The strong trading performance of the existing contracts, coupled with increasing interest from new customers and brokers, demonstrates that Universal Stock Futures are making the transition from innovative new offering to established trading tool for investors across the world. In time, as the equity market expertise of Euronext comes to bear, particularly in France and the Netherlands, we hope to see further volume growth in these instruments."
