Liffe1 announces the launch of Single Stock Futures on Banco Espírito Santo (BES)2 and Jerónimo Martins3 on the Lisbon derivatives market. The new SSFs will be available for trading from 19th December 2007.
Liffe will offer the domestic and international investment community the opportunity to take advantage of BES and Jerónimo Martins shares, which will allow clients to manage better their investment portfolios and to take full advantage of trading both the shares and related futures. With the addition of these two new contracts, 90% of the market capitalization of the PSI 20 will be covered.
The SSFs will be available for trading on LIFFE CONNECT, the world’s most advanced electronic trading platform, and will be cleared via LCH.Clearnet SA. The SSFs will expire on the third Friday of the month.
Both Banco Espírito Santo – ESS SSF – and Jerónimo Martins Single Stock Futures – JMT SSF – will have the same contract specification as the 10 existing Portuguese SSFs. The contracts will expire on the third Friday of the month and will initially be available with four delivery months: January, February, March and June 2008. -- www.euronext.com
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