The Spanish stock exchange has admitted to trading the first exchange-traded products linked to the daily performance of the IBEX 35® Triple Leverage Net, IBEX 35® Triple Short, IBEX 35® Leverage Net X5 and IBEX 35® Short X5 indices.
These indices offer triple and quintuple exposure to the daily performance of the IBEX 35® Net Return, incorporating a financing component in order to reach the desired level of leverage.
By means of an example, if on a given trading session the IBEX 35® Net Return increases by 1%, the IBEX 35® Triple Leverage Net will grow by approximately 3% and the Short will decrease that same 3%.
The offering represents four series issued by Société Générale with a maturity date. Société Générale acts as the liquidity provider during the entire trading session. With these warrants, the financial firm increases its range of products traded on the Spanish stock exchange to nearly 950 issues.
The new issues contribute to a wider offering of warrants on the Spanish stock market, which currently stands at over 5,000 products, among them warrants, inline, bonus, turbos and certificates linked to a broad range of underlying assets such as domestic and international shares and indices, currencies and commodities.
