OREANDA-NEWS. September 02, 2015. The Spanish stock market today started trading on the Warrants, Certificates and other products segment, the first MULTI exchange-traded products issued by BNP PARIBAS that offer leveraged, bullish or bearish exposure to IBEX 35®, DAX & EURO STOXX 50 indices.

MULTI are exchange-traded products that track the performance of an underlying index, or alternatively, they can also track the performance of an index that already offers in its calculation the leveraged exposure to the original index. BNP PARIBAS? MULTI products that have started being traded today follow the first of the methodologies explained.

In February 2013, the first MULTIs began being traded at Spanish stock market with issues offering exposure to the performance of IBEX 35® LEVERAGE NET X3, IBEX 35® SHORT X3, IBEX 35® LEVERAGE NET X5 & IBEX 35® SHORT X5. In March 2015, began the trading of the first issues linked to the performance of IBEX 35® LEVERAGE NET X10 e IBEX 35® SHORT X10 indices.

With these new issues, BNP PARIBAS widens the offer of MULTI underlyings available at the Spanish stock market and its offer of products linked to a variety of shares, indices and commodities. The Spanish Branch of BNP PARIBAS will act as the liquidity provider.

The trading volume of the warrants and certificates market to the month of July reached € 733 million, up 48% from the same period in 2014. In July, the trading volume was € 93 million, up 34% from the same month in 2014.