MEFF, BME’s derivatives market, has today launched new derivative contracts on PUIG shares. The company, which had the largest IPO in Spain since 2015 and the largest in the world so far this year on May 3rd, has a market value of 14.773 billion euros and its shares have increased by 6.1% since their debut.
Following its stock market debut, BME is now offering Futures and Options contracts on PUIG shares, making it the first underlying asset in the textile, footwear, cosmetics, and fragrances subsector. With this addition, the total number of Spanish underlyings available for trading on MEFF is 47.
“This new launch reaffirms our commitment to constantly improve and expand the range of derivative products for investors. More than 75% of the activity in our derivatives market comes from international investors, demonstrating the appeal of Spanish indices and stocks in the global investment community,” explains Clotilde Salmerón, General Manager of MEFF.
MEFF has the commitment of Susquehanna International Securities LTD (SIG) as the liquidity provider for Stock Options. Conor McCann, European Head of Derivatives Direct Client Trading at SIG, explains that “we are delighted to be market makers for the new series of derivatives on PUIG. SIG is committed to supporting the efforts of the Derivatives Market to list more products and expand its offering. We are ready to quote prices and provide liquidity both on the electronic order book and on the OTC system for those interested in trading this underlying asset.”
In addition to Stock contracts, BME’s Derivatives Market offers a wide range of tradable products such as Futures and Options on the IBEX 35 index, Futures on the IBEX Impact Dividends index, and on the Dividends of Stocks of companies with the highest trading volumes. The product catalog is completed with xRolling contracts for both currency and stocks.
For more information about MEFF, you can visit their website.
Source: MiMub in Spanish
