A Hong Kong for eastern Europe?
On November 27 Dresdner Bank launched a series of index certificates allowing participation in the Central European Clearing Houses and Exchanges Index (CECE Index) of the Austrian Futures and Options Exchange (Ötob). Two years in development, the index is a composite of 41 actively traded blue-chip stocks listed on the Budapest, Prague, Bratislava and Warsaw stock exchanges. By March, Ötob will offer exchange-traded futures and options on the CECE Index and on the four national indices from which it is derived.
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