Madrid Stock Exchange lists 377 new warrants

The Madrid Stock Exchange has expanded its warrants range by listing 377 new contracts on 24 companies and a range of indexes.

The majority of the new warrants, 298, were issued by Spanish bank BBVA, with the remaining 39 issued by Citibank. The exchange has listed 1,467 warrants contracts this year, a 72% increase on the 851 listed during the same period last year.

The latest listings are the first to trade on the exchange’s new electronic trading platform, which went live on November 11.

“The new warrant trading platform will help the market expand and gain in transparency, liquidity and efficiency,” said the Madrid exchange in a statement. “It is also expected that trading in these products will increase thanks to the system’s trading capacity.”

Most of the underlyings for the new warrants are Spanish companies, such as petrochemical company Repsol and tobacco company Altadis, but foreign companies, such as Deutsche Telecom and France Telecom, are also included. Index listings include 10 on the Dax and six on the Nasdaq 100.