Twelve warrants have been admitted to trading on the Ibex 35 index, 6 of them call warrants and the other 6 put.
The remaining 42 warrants have been issued on the following Spanish shares: BBVA, Repsol, SCH and Telefónica.
Among the listed issues are call and put warrants, all of which work in the same way as American warrants. Their expiry dates are 16 December 2004 and 17 March 2005. All warrants are European style, that is, they can be exercised on their expiry date.
In August the volume of premiums traded represented € 110.6 million, 42% up from a year earlier, and the total volume for the first 8 months of the year stands at € 1.17 bn.
Up to August 31, call warrant premiums dominated the market, reaching € 935 million and representing 80% of the market trading volume. Between January and August 2004 the ten most heavily traded assets as classified by underlying assets were as follows: Telefónica, Ibex 35, Repsol, BBVA, SCH, DJ EuroStoxx 50, Endesa, euro/dollar exchange rate, Nokia and Altadis.
With these new admissions the number of warrants traded on the market so far this year is now 950.
