Several newly transatlantic exchanges have big plans in 2008 to more closely link their options markets, betting in part that Europeans will become as enamored of options contracts as their retail investor counterparts across the pond, who have driven that U.S. market's growth.
"We feel there's huge potential for development of the equity derivatives market in Europe, particularly by bringing current over-the-counter activity to the exchange and developing the flow coming from buy-side and retail investors," said Philippe Hajali, director of equity derivatives at Euronext.liffe, an NYSE Euronext subsidiary that comprises derivatives markets in Amsterdam, Brussels, London, Lisbon and Paris. "We think there is the potential to double or triple equity derivative volumes in Europe."
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