The new segmentation, which will not impact on the previous trading modalities, will classify the securitised derivatives in sectors according to their features and investment purposes.
The aim of the new segmentation is to better identify the financial instruments listed in the last months and to increase transparency and usability of the information for the final investor who will be able to decide more easily where to address his investment strategies.
The new segments are the following:
- PLAIN VANILLA COVERED WARRANTS
- It includes covered warrants based on a call or put option
- STRUCTURED/EXOTIC COVERED WARRANTS
- It is set up of covered warrants whose main feature is a combination of options
- LEVERAGE CERTIFICATES
- It includes certificates tracking an underlying activity allowing to participate to its performance with leverage
- INVESTMENT CERTIFICATES
- Includes certificates tracking an underlying activity without leverage and
- certificates tracking an underlying activity with one ore more accessory options
