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London Stock Exchange Group Launches UK Single Stock Options - 19 New Products Based On UK-Listed Equities - LCH.Clearnet To Act As Central Counterparty - 3 Month Customer Fee Holiday From Launch

Date 23/05/2013

From Monday 10 June 2013, Turquoise Derivatives, part of London Stock Exchange Group (LSEG), will offer trade reporting in 19 UK single stock options. The underlying stocks are predominantly constituents of either the FTSE 100 or FTSE 250. The new products will clear through LCH.Clearnet Ltd, alongside the current derivatives offering. Until the end of September 2013, no trade reporting, clearing or expiry fees will be charged.

The options will be based on leading UK-listed mining, oil and gas equities. Turquoise Derivatives members will have the opportunity to benefit from cross-margining with positions held in options and futures within the platform’s existing suite of single stock products, including IOB and Norwegian derivatives.

Nicolas Bertrand, Head of Equity and Derivatives Markets, LSEG, said:

“This is an exciting development in our derivatives offering. For the first time, customers will be able to trade UK single stock options through our markets, alongside existing FTSE 100 futures and options.

“For our members, this means a wider range of complementary products available through a single platform. For us, it is a significant step in offering a comprehensive, competitive derivatives venue alongside a diverse set of markets and services within the Group.”

The full list of equity underlyings for the newly launched options products is as follows:


Name

Index

Name

Index

ANTOFAGASTA

FTSE 100

LONMIN

FTSE 250

BG GROUP

FTSE 100

NATIONAL GRID

FTSE 100

BHP BILLITON

FTSE 100

PETROFAC LTD

FTSE 100

BP

FTSE 100

POLYMETAL INTERNATIONAL

FTSE 100

CENTRICA

FTSE 100

POLYUS GOLD INTERNATIONAL

 

ESSAR ENERGY

FTSE 250

ROYAL DUTCH SHELL -A SHS

FTSE 100

EVRAZ

FTSE 100

RIO TINTO

FTSE 100

FRESNILLO

FTSE 100

RANDGOLD RESOURCES LTD

FTSE 100

GLENCORE XSTRATA

FTSE 100

TULLOW OIL

FTSE 100

KAZAKHMYS

FTSE 250