Derivatives Newsletter

Adam Rose, Head of Euronext’s Financial Derivatives Business Unit:

Issue: May 2017

Adam Rose

Welcome to the latest edition of our financial derivatives newsletter.

As might be expected, our focus in the months to come will be on MiFID II and rolling out any requirements from this new regulation onto our trading platforms. I’m pleased to report that our new MiFID-II-compliant Euronext APA/ARM services for trade publication and transaction reporting are currently available for testing and customers can start onboarding in preparation for the regime. See the article in this issue for more on these services.

In parallel, our teams are also working on the new Optiq® trading technology, which will be implemented for derivatives in H2 2018. This means that MiFID II requirements will be implemented in the current UTP-D platform to be ready for the new regulations coming into force on
3 January 2018. For more information on our preparations for MiFID II, check out the MiFID II pages of our website (www.euronext.com/mifid-2), and for Optiq updates, go to www.euronext.com/optiq.

Meanwhile, we have been continuing to work on expanding our product range and footprint. In April we listed our first European-style equity option contracts in Amsterdam (previously European-style options were only available on French equities), adding to our wide range of American-style equity options. This month saw the launch of new Single Stock Dividend Futures on 57 U.S. underlyings, while our innovative spotlight options segment continues to expand. I’m also very happy to say that our AtomX derivatives trade capture service saw its millionth trade last month, a real milestone in the development of the new service.

Other recent news includes our strategic collaboration with independent investment research provider, Morningstar and the resulting launch of two new Morningstar European blue-chip indices, on which we plan to make futures and options contracts available in the medium term.  We have also announced that we will acquire FastMatch, the fastest growing ECN in the spot foreign exchange market. This transaction, subject to regulatory and anti-trust approvals, establishes Euronext’s presence in the FX segment, the largest market globally.  

Finally, I’d like to take this opportunity to congratulate Chris French, formerly Sales & Business Development Manager for our derivatives team, on his new role as Post Trade Commercial Manager, reporting to Head of Post Trade Andrew Simpson. I have begun reaching out personally to customers in the UK who previously worked with Chris, but in the meantime please feel free to contact me directly on:

+31 20 721 4254 / +31 6 20 539 766 / arose@euronext.com.

We’re working all the time on new products to meet the needs of our market participants. If you have comments on anything you read in this newsletter, have suggestions for new products you’d like to see come to market, or would just like to catch up on Derivatives developments at Euronext in general, please get in touch with our team – we’re always happy to hear from you.

Adam Rose
Head of Financial Derivatives 

Financial Derivatives team

Financial Derivatives team

Head of Financial Derivatives
Adam Rose
+31 20 721 4254
arose@euronext.com

Amsterdam & Brussels
Marcel Walther
+31 20 721 4261
mwalther@euronext.com

Paris
Charlotte Alliot
+33 1 70 48 2843
calliot@euronext.com