The new products are ready for
launch, and will go live in the coming months.
head of equities and derivatives at the LSE, said: "We are
reacting to demand from our Idem clients. We will start with
about 10 blue chip companies from across Europe."
Idem already lists
158 single stock futures (SSFs) and options on Italian stocks.
The new instruments will have similar specifications to the
contracts listed at Eurex and Liffe, but "people want something
compatible with Idem’s current operational
framework," Bertrand said. "For an Italian client to trade
Spanish single stock futures on Eurex there are a lot of things
to set up and it’s very costly to
other established derivatives market, EDX London, is down 45%
on year-to-date volume because of the loss of its Swedish,
Danish and Finnish business at the end of 2009. This had relied
on a partnership with Nasdaq OMX, which came to an end in
quickly launched its own range of Nordic derivatives such as
FTSE indices for each country, virtually all the volume in
Swedish, Danish and Finnish derivatives has stayed with Nasdaq
that, having consulted its members, EDX was now working towards
delisting its Swedish, Danish and Finnish products, due to a
lack of customer demand and consequent low volumes.
EDX remains fully
committed to the Norwegian market, however, where its
partnership with Oslo Børs is still working well.
Between them, the two exchanges host 98% of Norwegian equity