JSE Launches first Future on FTSE AltX 15 Index
JOHANNESBURG, 16 OCTOBER 2007. From today, traders will be able to trade Futures and Options on the FTSE/JSE AltX 15 Index.
“This is the first tradable instrument on the AltX 15 index and is a great way to gain exposure to AltX companies,” says Allan Thomson, Director of Trading at the JSE. The initial margin on these Futures and Options will be R120 and the contract size will be R1 times the index level. Expiry dates will be the same as other Futures and Options, but the fees for futures is 4c per futures contract and 2c per options contract.
The FTSE/JSE AltX 15 Index was launched on 1 October 2007 and comprises the top 15 companies on AltX and has a market capitalization of R12 billion. Growth of shares on AltX since May 2006 has been approximately 133%.
FOR FURTHER INFORMATION PLEASE CONTACT:
Roz Thomas Corporate Communications Consultants (Pty) Ltd
Contact: 082 925 8806
ON BEHALF OF:
(011) 520 7082
082 377 0717