The document is a supplement to the February 1994 edition of the booklet 'Characteristics and Risks of Standardized Options'. It discusses the introduction of trading in cash-settled options on indexes of mutual funds, explaining how these indexes are calculated based on the net asset values of selected mutual funds. It highlights that mutual fund indexes are not updated during the trading day and are based on non-current information, similar to certain foreign stock indexes.
documents/vol00010-efta01353474-pdf.pdf
{"document_date":"December 1997","document_type":"other","key_organizations":["Standardized Options"]}