Monday November 17 2014
News Source: Global Exchanges
Focus: Other
Type: General
Country: Israel
Link: http://www.tase.co.il/Eng/NewsandEvents/PRArchive/2014/Pages/PR_20141005.aspx
The Tel Aviv Stock Exchange (TASE) has approved the launch of derivatives (options and futures) on the TA-100 index. The new derivatives join existing products on a number of underlying assets – the TA-25 index, the TA-Banks index, the ILS/USD exchange rate, the ILS/Euro exchange rate, and 10 individual stocks included in the TA-100 index.
The derivatives on the TA-100 index are scheduled to begin trading on Thursday, 29 January 2015.
The specifications of the new derivatives will be similar to those of derivatives on the TA-25 index:
- Contract multiplier – 100.
- Type of option – European.
- Contract months – one, two and three months.
- Final settlement price – Opening index on the Thursday preceding the last Friday of the month of expiration (simultaneously with the expiration of monthly TA-25 derivatives and stock options).
- Settlement – cash
Click link above for further details.