Saxo Bank distributes Portuguese Single Stock Options

Saxo Bank supports Euronext to distribute Portuguese Single Stock Options

Euronext is taking a significant step forward in expanding the accessibility of its Portuguese Single Stock Options by collaborating with Saxo Bank, which is now distributing these products in Portugal. Both retail and institutional investors can now trade options on four major Portuguese stocks: Jerónimo Martins, Galp, EDP, and EDP Renováveis.

By tapping into Saxo Bank's established distribution network, this collaboration broadens the reach of these products in Portugal, offering more investors the opportunity to engage with these options.

Samuel Klein, Product Owner Futures and Options of Saxo, said: “Saxo is thrilled to announce our support for newly launched Portuguese stock options on Euronext Lisbon. This new offering provides traders with possibilities to diversify, hedge market risk and grasp more market opportunities. The options are now included in the existing suite of products available on Saxo’s award-winning platform.”

A landmark moment for the Portuguese derivatives market

These options allow investors to trade on some of Portugal's most prominent companies, providing them with greater flexibility and enhanced risk management solutions. Their availability strengthens the array of financial instruments that help investors better manage their portfolios in an evolving market environment.

These "vanilla" options, which are standardised and straightforward, grant the right (but not the obligation) to buy or sell the underlying stocks at a predetermined price within a set timeframe, typically no longer than six months.

Ensuring liquidity and confidence

To maintain liquidity and stability in the market, Susquehanna, a leading market maker, ensures that options are actively traded and readily available to investors, creating a smoother and more efficient trading experience.

This launch marks an important milestone in our ongoing commitment to deepening the Portuguese market and providing investors with a broader range of financial instruments.

Looking ahead, Euronext continues to drive innovation and growth in the European financial markets, with further product expansions, including additional Single Stock Options across Europe.