Monday October 26 2015
News Source: Global Exchanges
Focus: Trading Systems and Technology
Type: General
On 26th October 2015, Euronext launched AtomX, a flexible service that offers the efficiency and security of the regulated market and central clearing to bilaterally negotiated trades. Through AtomX investors are now able to customise and trade options and futures which will be cleared, via LCH Clearnet, in the same clearing pool as the other Euronext derivatives positions.
The regulatory agenda calls for more transparency and mitigation of the recognised systemic risk posed by over-the-counter (OTC) derivatives. At the same time market participants are looking for more efficiencies in portfolio management. AtomX facilitates this by combining the flexibility of OTC trading with the capital and operational efficiencies of the regulated market. Moreover it provides new opportunities to further develop and expand on-exchange derivatives trading, as it will appeal to a broader section of the trading community.
AtomX provides new flex functionality whereby investors can choose their own product style, type, strike price and expiration dates outside the standard expiry time set. The flex expiration dates are currently limited to the third Friday of the month. In a later phase a fully flexible choice of expiration dates will be available. As from today AtomX already offers reporting of trades in more than 900 flex contracts on top of all standard financial derivatives contracts available in the central order book.
Click on the link above for further details.