The London Stock Exchange Group has received permission from Consob, the Italian markets regulator, to launch international single stock futures on the Italian Derivatives Exchange Market. The new products are ready for launch, and will go live in the coming months.
Nicolas Bertrand, head of equities and derivatives at the LSE in London, said: “We are reacting to demand from our Idem clients. We will start with about 10 blue chip companies from across Europe.”
Idem – the derivatives arm of LSE’s Borsa Italiana in Milan – already lists 158 single stock futures (SSFs) and options on Italian stocks. The new instruments will have similar specifications to the contracts listed at Eurex and Liffe, but “people want something compatible with Idem’s current operational framework,” Bertrand said. “For an Italian client to trade Spanish single stock futures on Eurex there are a lot of things to set up and...