- The first 12 issues of this type of warrant start trading tomorrow, issued by Société Générale.
The Spanish Stock Exchange tomorrow begins trading the first 12 issues of INLINE WARRANTS, issued by Société Générale, whose underlying asset is the IBEX 35®.
The INLINE WARRANTS, a new investment product launched on the Spanish Stock Exchange, are a type of warrants that incorporate a special mechanism called barrier level whereby the warrant expires in advance of its expiry date if over the life of the warrant the price of the underlying asset reaches or exceeds certain given upper or lower levels that are pre-established on their markets of reference.
The INLINE WARRANTS are traded on the Spanish Stock Exchange in accordance with the regulations of the warrants and certificates trading segment.
During the trading of these products the lower or upper barrier level will establish the suspension of the warrant trading by means of early expiration as well as its definitive exclusion from the market at the close of the daily trading session.
So far this year 2,934 warrants have been listed on the Spanish Stock Exchange.
