BTX® - Bulgarian Traded Index
Indexlaunch: 28.03.2008
The BTX is a capitalization-weighted price index and is made up of the most liquid and highest capitalized stocks of Bulgarian Stock Exchange (BSE – Sofia). The index is calculated and disseminated real-time in BGN (Bulgarian Lev), EUR and USD. Designed as a tradable index BTX can be used as an underlying for structured products and for standardized derivatives (futures & options).
The BTX is a capitalization-weighted price index and is made up of the most liquid and highest capitalized stocks of Bulgarian Stock Exchange (BSE – Sofia). The index is calculated and disseminated real-time in BGN (Bulgarian Lev), EUR and USD. Designed as a tradable index BTX can be used as an underlying for structured products and for standardized derivatives (futures & options).
| Short Code | ISIN | Bloomberg | Reuters | Calculation Time |
|---|---|---|---|---|
| BTX BGN | AT0000A03HB2 | BTXGBN <Index> | .BTXL | CET 08:30 – 13:00 |
| BTX EUR | AT0000A03HC0 | BTXEUR<Index> | .BTXEUR | CET 08:30 – 17:45 |
| BTX USD | AT0000A03HD8 | BTXUSD <Index> | .BTXUSD | CET 08:30 – 17:45 |
Main Features of the BTX:
- The BTX is calculated Monday to Friday on every day that the BSE – Sofia is open for trading also case of an exchange holiday in Austria.
- 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%.
- Only traded prices from BSE are considered for the calculation of BTX. Block Trades or calculated prices will not be considered.
- New index values are triggered by new traded prices in the index members (updates real-time) or by new exchange rates (updates every 2 minutes). The Bulgarian Lev is pegged to the Euro.
- Quarterly review and adjustments of the calculation parameters
- Revision and changes to the index composition on a semi-annual basis (March/ September)