The accumulated trading volumes reached from January to April were 610 million Euros, which represents a 94% increase over the same period last year. The heavier trading in warrants ran parallel to a higher number of transactions.
Again, investors' preferences have focused on warrants on domestic underlying assets. The percentage of premiums traded on these underlying assets was 95 %. Among them, it is worth mentioning the following ones: Ibex 35, BBVA, Telefónica, SCH, Repsol, Endesa and Altadis.
As to warrants traded on international underlying assets, it is worth mentioning the following ones: Deutsche Telekom, Nokia, KPN, Microsoft, France Telecom etc and also the indices Dow Jones Industrial Average, Xetra and Nasdaq 100.
As to the trading of warrants on the euro / dollar exchange rate, investors have focused more on PUT warrants than on CALL, while warrants on the Brent have also been popular.
As to types of warrants, CALL warrants have increased significantly their presence in the market with respect to the number of premiums traded from January to April 2003, going from 51% posted in January to 72% in April. On the contrary PUT warrants accounted in April for just 28 % of all the premiums traded, thus decreasing 21 basis points from January to April.
The total number of warrants traded on the Bolsa de Madrid is now 1,490, of which 457 were admitted to trading this year.
