“The launch demonstrates Euronext’s ability to adapt and expand its solutions on the derivatives market, responding to the needs of investors seeking to react quickly to market fluctuations. Euronext will continue to innovate its derivatives offering in the coming months.”
Euronext has announced the introduction of Daily Options on the CAC 40 index, aimed at investors seeking to engage in short-term trading strategies and gain exposure to the primary index of Euronext Paris.
The Daily Options on the CAC 40 index feature daily expirations and a wide array of strike prices. These options are European-style, meaning they are settled in cash at the end of the trading day.
They are designed to be cost-effective due to their lower time value, compared to longer-dated options, and allow for strategies that capitalize on time decay and sensitivity to small price movements.
20 software vendors support Daily Options on CAC 40
The launch of Daily Options on the CAC 40 index builds on Euronext’s pioneering effort in 2008 when it became the first European exchange to offer Daily Options, starting with the AEX index, the Greek stock market index. The expansion to include the CAC 40 index responds to increasing demand from both institutional and retail investors for tools that allow for rapid response to market dynamics.
Euronext’s provision of these Daily Options benefits from its established expertise in financial derivatives, ensuring consistent liquidity and transparent, reliable trading via a central order book. These options can be traded through over 20 Independent Software Vendors (ISVs), enhancing accessibility for investors.
Anthony Attia, Global Head of Derivatives and Post-Trade at Euronext, said: “In 2008, Euronext launched Daily Options on the AEX index, becoming the first stock exchange in Europe to offer a full range of maturities, from one day to five years. Today, we are delighted to launch Daily Options on the CAC 40 index, providing investors with enhanced trading opportunities. The launch demonstrates Euronext’s ability to adapt and expand its solutions on the derivatives market, responding to the needs of investors seeking to react quickly to market fluctuations. Euronext will continue to innovate its derivatives offering in the coming months.”
