Vienna Stock Exchange Introduces New Index

The RDX (Russian Depository Receipts Index) is the latest addition to the CECE product line. The RTX, which was introduced in 199, is calculated using the most liquid Global Depository Receipts (GDR) and reflects price movements in real-time. The RDX is a capitalisation-weighted index which does not take account of dividend payments. The index capitalisation is currently about EUR7 billion. The RDX has been designed as a tradable index and as an underlying instrument for derivative products. Cash settled futures and options on the RDX quoted in euros are planned to start trading in the course of this year on the Vienna Stock Exchange. This opens up new trading and arbitrage opportunities between existing RTX derivatives and the new RDX futures and options. For the first time, it will also be possible to hedge positions in Russian Depository Receipts.