IDEMagazine: The Records Achieved By The IDEM Market - Borsa Italiana’s Newsletter Devotes The "Front Page" To The Records Achieved By The IDEM Market In 2005

The "news" section describes the adjustments to options contracts and stock futures on Mediolanum shares after payment of the extraordinary dividend and on Fineco shares following the merger with Capitalia. Also mentioned are the two new market makers operating on options contracts as from December 2005: Wolverine Trading Uk Ltd. and Banca Aletti SpA.

The "front page" is dedicated to the records achieved by the IDEM market in 2005. On March 16th of last year an all-time high was reached as regards trading in a single session, with 57,183 standard contracts on the S&P/Mib index, while the record in terms of options contracts on the same index was achieved on October 19th with 33,304 contracts traded. Other records are also mentioned, during a year that will be remembered for the explosion of investor interest in Italian derivatives, leading to a 42% rise in volumes with respect to 2004.

The use of Stock Futures as a primary tool for directional strategies rather than for trading interventions is highlighted in an article written by a professional trader. The said derivative is proving to be an excellent tool for following rises or betting on falls in a well-directioned market, although – especially for small investors – it is important to carefully analyse the liquidity and dimension of the contract before using these products.

Completing the edition are the “Index and Volatility”, “Month’s Statistics” and “Options Indicators” graphs and charts, as well as the regular feature dedicated to technical analysis prepared by the SIAT (Società Italiana di Analisi Tecnica) teaching staff.

Click here to download the January 2005 edition (file pdf - 1344 KB)