The new futures contract on GDP warrants in pesos (TVPP) was launched. This new hedging tool is the first of is kind in Argentina. The first product operation was carried out during the event.
With the purpose of expanding the variety of products available to its Brokers, ROFEX developed the Futures and Options Contract on GDP Warrants in pesos (TVPP), offering the retail investor the possibility to have an additional hedging instrument on an underlying of high liquidity and trading in the local market.
The ceremony took place in the Amerian Buenos Aires Park Hotel. After the presentations of the entity’s president, Luis B. Ossola, of the Personal Portfolio Operations Director, Paula Premrou, and of ROFEX´s Development manager, Javier Marcus, the first contract’s transaction, which quoted at $12.50 for November 2012, was carried out.
This new product, the only of its kind in Argentina, which does not have bond delivery but it is settled by price difference, allows the possibility to take upward or downward positions in a direct and leveraged way, to make arbitrage operations between spot and the underlying derivative and to cover a fixed income portfolio, among other benefits.
The launching was carried out within the framework of ROFEX´s strategy to expand its product portfolio for the retail investor, although the possibility of the product being traded by institutional participants is not ruled out. In this sense, the futures contract on TVPP is added to the already successfully traded futures on Gold, Oil and Chicago Soybean.
FTSE Mondo Visione Exchanges Index:
ROFEX Launches Its Futures And Options Contract On TVPP
Date 26/07/2012