TOM (The Order Machine) introduces its unique ticker symbols for the daily, weekly and monthly options based on the AEX-index. The symbols were created in close cooperation with members and partners.
“It is of great importance for competition between derivatives exchanges that TOM is allowed to continue offering trading in options based on the AEX-index. The introduction of our own ticker symbols ensures competition in the long term”, said Willem Meijer, CEO of TOM.
Since January 2013 TOM gained a 35% market share in options based on the AEX-index. By connecting new parties, TOM aims for a market share in index options of more than 50% in 2014.
See below for the new TOM ticker symbols and product description:
General description |
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Product name |
TOM index options |
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Description |
Options based on the value of the AEX-index |
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Underlying value |
AEX-Index |
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CCP |
Holland Clearing House |
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TOM Ticker-symbols |
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Monthly options |
XNL |
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Weekly options |
XNLW1, XNLW2, XNLW4, XNLW5 |
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Daily options |
XNL01, XNL02, XNL03…, XNL31 |