The Athens Exchange and Istanbul Stock Exchange have created a
common equity index, scheduled to become an underlying for
derivatives, the two exchanges said on September 28.
The Greece & Turkey 30 Index (GT 30) will be calculated,
maintained and distributed by Stoxx, the provider of European
equity indices. It is designed to be used as an underlying for
creating financial instruments such as futures, options, swaps,
structured products and exchange-traded funds.
The index will comprise 30 stocks – the largest 15
from each market. The market capitalisation of the index is
The Athens Exchange lists index and single stock futures and
options, while the Istanbul Stock Exchange has yet to launch
its derivatives market. The main Turkish equity index future is
the ISE 30 Future at Turkish Derivatives Exchange.
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