NYSE Liffe has launched a corporate actions service for participants trading in the over the counter European equity derivatives market.

The service allows customers to file a request for customised guidance on corporate action adjustments which affect derivative positions, held in products that are listed at NYSE Liffe, even if the customer has no direct position on one of NYSE’s platforms.

Hendrik Koppe, an executive at the exchange in Amsterdam, said: “We received many requests last year for information on corporate actions events – maturities, new series, that kind of thing.

“The guys came up with a harmonised model to handle the requests. This is a good opportunity to help our Bclear and other off-order book customers.” Bclear is the exchange’s clearing service for OTC equity derivatives.

Basic fees start at €95 for simple events like special dividends and rise to €225 for complex ones such as fair value takeovers. Non-standard actions may require customised fees.

Koppe concluded that it was “too early” to say how the service would be affected by the proposed merger with Deutsche Börse.