Ade Cordell is Executive Director, Head of Equity Derivatives at NYSE Euronext.
Mr. Cordell is responsible for the exchange traded equity...
We recently announced our planned launch of Turkish equity derivatives on NYSE Liffe in Q1 2013. So, what Turkish delights are we planning?
Futures and options on some of the key constituents of the IMKB30 Index. Standardized derivatives contracts will be tradable on NYSE Liffe London's central order book and flexible futures options will be available on our innovative, wholesale service Bclear. I’ll be sharing more information on the exact launch date, the underlying equities to be covered and a whole host of other facts in January. Until then let me share two more with you - I have just read in this week’s Economist magazine (22 December 2012 edition) that between 1 January, 2012 and 18 December, 2012 buyers of Turkish equities saw returns of over 60% - the benefit of hindsight!
And finally, with Christmas around the corner I was interested to learn that Patara, an ancient port on the south coast of Turkey, is the birth place of Saint Nicholas, the 4th century Byzantine bishop who later became known as Santa Claus.
On that note, I wish you all the very best for the festive season and 2013.