The FINANCIAL — Euronext, the primary exchange in the Eurozone, on June 17 announced the launch of options on the shares of Pershing Square Holdings, Ltd. The new options, that are available for trading on the Amsterdam market as of Friday 26 June, follow the company’s successful IPO on Euronext Amsterdam in October 2014.
Pershing Square Holdings, Ltd. is an investment holding company structured as a closed end fund that is an active investor and owner of large minority stakes in North American, large-capitalization public companies, according to Euronext.
The new American-style options (option trading symbol: PSH) will expire on the third Friday of the
contract month and will have initial maturities of 1, 2, 3, 6, 9 and 12 months. Each option will represent 100 shares in Pershing Square Holdings and will be cleared via LCH.Clearnet SA. The underlying shares are traded in US Dollars. Consequently, the option premium and option strike prices are also in US Dollars.
“We are constantly expanding our successful derivatives franchise by adding products in response to market requests”, said Adam Rose, Head of Financial Derivatives at Euronext. “Our wide product range of equity options on leading companies throughout different sectors offers our market participants a highly diversified set of investment opportunities.Furthermore equity options provide significant added value to the liquidity of the underlying share and will benefit the visibility of the company.”