The trading of the new future on the FTSE/ATHEX-CSE Banking index will start on Monday 19th April.
The index FTSE/ATHEX-CSE Banking started being calculated on 3rd November 2008 and consists of:
- The Greek banks of the Athens Exchange securities market which are constituents of the FTSE/ATHEX 20 and FTSE/ATHEX MID 40.
- The Cypriot banks of the Cyprus Stock Exchange securities market which are constituents of the FTSE/CySE 20.
The new product is based on the long term cooperation of the Athens Exchange (ATHEX) with the Cyprus Stock Exchange (CSE) which was strengthened with success in October 2006 when the start of the operation of the Common Platform of the securities markets of the two exchanges took place.
The launching of the Future on the FTSE/ATHEX-CSE Banking index broadens the choices of the Cypriot, Greek as well as international investment community. Simultaneously market participants are given the opportunity to invest easily and directly to the banking sector or even hedge more effectively and with less cost towards Market Risk of portfolios which consist of stocks of the banking sector.