BME Expands Real-Time Indexes

Spanish exchange Bolsas y Mercados Espanoles will begin calculating and disseminating three new tradable indexes -- the IBEX 35 Triple Leverage Net, IBEX 35 X5 Leverage Net and IBEX 35 X5 Short indexes -- in real time from Nov. 22, as part of its IBEX 35 index family.

The Triple Leverage index offers triple exposure to the daily return of the IBEX 35 Net Return, while the X5 Leverage index offers five times exposure to the daily return of the IBEX 35, and the X5 Short index is provides five times yield linked to the IBEX 35 Total Return index, so that a negative yield of the underlying index returns five times positive yield, and vice versa.