A EUROMONEY SURVEY - MARCH 1996
Background
The past couple of years have seen major developments in the Spanish equity markets, with increasing sophistication and more complex products becoming available. Consequently, the derivatives market is growing in importance. There is continued high-volume trading of futures on Spain's IBEX-35 index, on the equities futures exchange MEFF-RV. Growth in the domestic market has been sharp.
Index futures account for about 70% of MEFF-RV traded contracts. These type of contracts have witnessed explosive growth. Total exchange-traded equity derivative contracts are up from just over five million in 1992 to 37 million in 1995.
Derivatives on Spanish equities only commenced in 1992 with the introduction of futures and options on the capitalization-weighted stock index, the IBEX-35. The introduction of these derivatives paved the way for a growing volume of business in the last few years and the launch of new products such as traded stock...
You must be a trialist or subscriber to view this content
Please Subscribe or take a Free Trial below.
Already a subscriber? Log in here.
Subscribe online today
- Euromoney magazine in print
- Unlimited access to Euromoney.com
- Over a decade of archived content
- All the latest industry news, analysis and commentary
- Access to all our survey and award results
- More than 30 specialist supplements a year
- Personalised email news feeds
Subscribe
Free 48 hour access
- Online access to Euromoney.com
- Comment and in-depth analysis of the international capital markets
- The best of our editorial comment by email
- Complimentary digital magazine sample
Start Trial
Questions about your subscription status?
Email us or call: +44 (0) 20 7779 8888