Mon, December 06, 2021


JP Morgan launches Nasdaq-100 warrants in Thailand

In a first for Thailand’s warrants market, JP Morgan has issued derivative warrants linked to the Nasdaq-100, a US index that tracks the performance of the 100 biggest non-financial companies by market capitalisation listed on Nasdaq.

Linked to the movements of the E-mini Nasdaq-100 Futures prices, the four newly issued warrants (NDX41 DW) began trading on the Stock Exchange of Thailand on Thursday.

“The new warrants will provide local investors exposure to one of the world’s pre-eminent large-cap growth indexes that boasts some of the largest domestic and international companies listed on the Nasdaq Stock Market,” said Yowjie Chien, head of Global Options Electronic Client Solutions and Global Warrants at JP Morgan.

“The two calls and two puts options over Nasdaq-100 have varying strikes ranging at index levels from 9,500 to 15,900, providing investors with varying risk appetites and more choices under different market conditions,” Chien said.

The Nasdaq-100 warrants mark JP Morgan’s second investment instrument that offers Thai retail investors exposure to US markets during local trading hours, following the launch of its S&P 500 warrants in September last year.

“Investors in Thailand are always looking for opportunities to diversify their portfolios and we are excited to be able to broaden their access to foreign markets,” said Pakorn Buranakul, chief executive officer of JPMorgan Securities (Thailand) Limited.

“We will continue to work closely with the regulators to expand our product offerings to meet the demand of Thai investors,” he added.

The Nasdaq-100 was among the top performing US stock indexes in 2020, ending the year with a gain of 45 per cent based on index levels.

JP Morgan launched its derivatives warrants business in Thailand in 2018 and has since listed more than 1,000 warrants on the Stock Exchange of Thailand.

Published : January 14, 2021

By : The Nation