NYSE Euronext has introduced GBP/USD and GBP/EUR options and futures on its market in Amsterdam.

The new FX options and futures are interesting for retail and professional investors who wish to invest in currency derivatives without being exposed to physical delivery. These contracts form the base for a good currency risk hedge for equity portfolio’s containing UK or US shares as the contracts are cash settled.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The underlying value of the GBP/Euro options is GBP 10,000 and exercise prices and premiums are in Euros. The underlying value of the GBP/USD options is GBP 10,000 and exercise prices and premiums are in US Dollars. The unit of trading will be 100 for all new products. The underlying value of the GBP/Euro futures is GBP 10,000 and prices are quoted in Euros. The underlying value of the GBP/USD futures is GBP 10,000 and prices are quoted in US Dollars.

Both the options and the futures will have initial lifetimes that range from 1 to 12 months. Last day of trading will be the third Friday of the expiry month.

Roland Bellegarde, group executive vice president and head of European execution of NYSE Euronext said: “These new foreign exchange derivatives launched today will allow investors to take advantage of the exchange rate fluctuations in British pounds and US dollars as well as enabling them to hedge currency risks.

“As currency options are an attractive, tradable instrument for market participants we look forward to expanding our foreign exchange franchise into other currency pairs in the future, providing more opportunities for investors to implement their trading strategies,” Bellegarde added.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.