Raiffeisenbank to Offer New Derivatives on the Prague Stock Exchange

Austrias Raiffeisenbank is to offer ten new certificates on the Prague Stock Exchange, a joint press release issued Monday reads.

Last month, the trading in such instruments reached CZK 90 million, compared to a mere CZK 600,000 last November.

Among the new derivatives are certificates on CEZ and Telefonica O2 shares.

These shares are one of the most traded on the bourse.

"Our experience shows these products will find a place on the stock exchange," Raiffeisenbank capital markets manager Richard Skacel said.

Raiffeisenbank is the pioneer in certificate offerings on the local bourse.