BATX - Bosnian Traded Index
Indexlaunch: 01.12.2009
The Bosnian Traded Index (BATX) is a capitalization-weighted price index which is made up of the most actively traded and highest capitalized stocks traded at the Sarajevo Stock Exchange and Banja Luka Stock Exchange. The index is calculated and disseminated on a real-time basis in EUR, USD and BAM. The BATX is designed as tradable index to be used as underlying for standardized derivatives (futures & options) and for structured products.
The Bosnian Traded Index (BATX) is a capitalization-weighted price index which is made up of the most actively traded and highest capitalized stocks traded at the Sarajevo Stock Exchange and Banja Luka Stock Exchange. The index is calculated and disseminated on a real-time basis in EUR, USD and BAM. The BATX is designed as tradable index to be used as underlying for standardized derivatives (futures & options) and for structured products.
| Short Code | ISIN | Bloomberg | Reuters | Calculation Time |
|---|---|---|---|---|
| BATX BAM | AT0000A0FSE3 | BATXBAM <Index> | .BATXBAM | CET 09:00 – 13:30 |
| BATX EUR | AT0000A0FSC7 | BATXEUR<Index> | .BATXEUR | CET 09:00 – 17:45 |
| BATX USD | AT0000A0FSE3 | BATXUSD <Index> | .BATXUSD | CET 09:00 – 17:45 |
Main Features of the BATX:
- The BATX is calculated on all exchange trading days of Banja Luka SE and Sarajevo SE. In case of a non-trading day at Sarajevo SE or Banja Luka SE, BATX shall be calculated only if there is at least 50% of BATX capitalization (according to the last cut off date) available for trading and provided that day is a working day at Vienna SE.
- Dividend payments are not considered
- The effective free float of a company is tracked by free float factors: 0.10 - 0.20 – 0.30 - 0.40 - 0.50 – 0.60 - 0.70 - 0.80 - 0.90 - 1.00.
- Representation factors can take values between 0.01 and 1.00 and are used to avoid that an index member exceeds a maximum weighting cap of 25%. In the event of exceeding the 70% limit by Sarajevo SE or Banja Luka SE markets on one of the quarterly cut-off dates, the representation factor would be defined for all the shares of the respective stock market in BATX in such a manner that the 70% threshold is not exceeded.
- New index values are triggered by new traded prices of index members (update real-time) or by new exchange rates (bid/ask mid-prices, updates every 2 minutes). Please note that the BAM is pegged to the EURO (1.95583)
- Quarterly review and adjustments of the calculation parameters
- Revision and changes to the index composition on a semi-annual basis (March/ September)