Tuesday June 25 2013
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: International
Link: http://www.nasdaqomx.com/newsroom/pressreleases/pressrelease/?messageId=1190575&displayLanguage=en
NASDAQ OMX has announced the introduction of cash settled single stock futures on Norwegian, Danish and Swedish securities. The new instruments are similar to existing physically settled single stock futures, but settlement will instead be made in cash at expiration. The product will be offered on all underlying securities of Norwegian, Danish and Swedish single stock futures that are physically settled today.
The product accommodates increasing customer demand for cash settled products for trading in Nordics markets.
Furthermore, the cash settled single stock future is expected to make trading in derivatives more accessible to investors. The advantages for investors of NASDAQ OMX Nordic in cash settled futures include central clearing of all derivatives, transparent product offering without hidden costs found in many retail products and simplicity as investors do not have to settle in a physical stock.
The trading on cash settled single stock futures will start on July 1, 2013.
Click on the above link for more details