Friday, August 24, 2007

New turbo investment certificates at Czech Stock Exchange.

Trading starts on Monday 27.8. Those two certificates are turbo short
and underlaying CEZ (ISIN AT0000A066D7) and Brent crude oil
(AT0000A02BL6). Issuer is again Raiffeisen Centrobank AG and will also
play role of market specialist.
My personal comment to these financial instruments traded on Official
Free Market. Spread is too much wide, some investment certificates are
reaching spread 10%. And my expectations are not high for new two
certificates. To compare with instruments traded on EUWAX (rationale
spread up to 1%) with the same under laying assets it doesn't make
sense to play with them in CSE. On the other side other derivatives
issued on Prague Stock Exchange are for very good price and with
standard spread. I am talking mostly about future contracts.


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