At Scoach, Frankfurt’s certificate exchange, securities issued by HSBC Trinkaus can now be traded on the open market on the same day. Until now, securities issued on an intraday basis have only been exchange-tradable a day after admission.
When underlying prices roller-coaster, a large number of knock-out thresholds for leverage products are often reached within the space of a single trading day. With its new intraday issues of X-Turbo warrants (X-Turbos) and X-Endless Turbo warrants (X-Endless Turbos) on the DAX®, the certificate issuer HSBC Trinkaus can now react immediately to such fluctuations. The issuer specifies the strike price and product type (call/put). This also applies for intraday Turbos on the EURO-Bund future.
“We can now issue leverage products a number of times a day at any time between 9 a.m. and 3 p.m.,” says Heiko Weyand, Director of the Certificate Marketing department at HSBC Trinkaus. “This gives investors the opportunity of buying leverage products with market-oriented strike prices and extremely high leverages even when the markets are roller-coastering.”
“These leverage products allow professional investors and experienced private investors in particular to react immediately to market movements and also benefit from the advantages of an exchange trading platform,” comments Michael Jung, CFO of Scoach Europa AG.
“Intraday issues” are designed for active market participants who have comprehensive and detailed market information at their disposal. HSBC Trinkaus publishes the time trading will commence and the exact features of the products in a complementary newsletter. There are no fixed times.
