Their involvment is an additional proof of operators'confidence in the French 10-year future contract.
Commited to offering bid/ask spreads for quantities, the three market makers will guarantee : 200 lots minimum with a bid/ask spread of 4 ticks maximum in the first monthly maturity; 200 lots minimum with a bid/ask spread of 5 ticks maximum in the first quarterly maturity.
All participants will also be able to obtain prices on strategy or maturity directly on NSC. This arrangement completes actions managed by Parisbourse SBF SA to repositioning the option on the Euro Notional future contract.
ParisBourseSBFSA will apply special fee schedule to allow users to benefit from the best possible prices on the option as it has already been granted for the Euro Notional future contract.
The Euro Notional option market has been re-opened in 19 April 2000, with a new expiry date calendar, after consulting the market participants. May, June, July, September and December can be traded at the moment.
The Euro Notional future has returned in force with an average daily volume in April of 352,850 contracts and an average bid/ask spread of 1.04 ticks : it is liquid enough to hedge options in good condition.
