(Vienna) Starting yesterday, Wiener Börse will calculate four CECE sector indices that track the most important industrial sectors – banks, oil&gas, healthcare and telecoms – in the growth markets of Central, Eastern and Southeast Europe. This makes Wiener Börse the only exchange worldwide that has developed sector indices specifically for the East and Southeast European region. At present, the new CECE industry indices contain blue chips that are traded on the exchanges of Budapest, Bucharest, Ljubljana, Prague, Sofia, Warsaw and Zagreb. Just like all other indices of Wiener Börse, the CECE sector indices are capitalization-weighted price indices calculated and published in real time.
"Worldwide, Wiener Börse is considered the specialist for East European indices with widely recognized know-how. The new CECE sector indices raise the number currently calculated by Wiener Börse to 20 indices of which 14 are East European," explained Michael Buhl, member of the management board of Wiener Börse AG. International investment firms buy licenses to issue products on the indices. Meanwhile, over 80% of all structured products worldwide relating to Eastern Europe are based on the indices of Wiener Börse.
The four CECE sector indices are also designed to be able to serve as underlying for structured products and standardized derivatives. "The new sector indices were warmly welcomed, even in advance of their publication," Mr. Buhl explained. Today, Raiffeisen Centrobank has even launched the first products on the CECE sector indices. "And we have received signals of enormous international interest, especially from Germany, Switzerland and the US," Mr. Buhl added.