SATX® - Short Austrian Traded Index
Indexlaunch: 01.10.2007
Main Features of the Short ATX:
The Short Austrian Traded Index (SATX) is a capitalization-weighted performance index linked to
the development of the ATX and reproduces it with a leverage of approximately -1. In addition to
the inverse development of the ATX, the Short ATX offers interest payments in the amount of the
double interbank rate EONIA. The index is calculated in EUR and disseminated in real-time by Wiener
Börse AG. It is designed as a tradable index to be used as underlying for structured products and
for standardized derivatives (futures & options).
| Short Code | ISIN | Bloomberg | Reuters | Calculation Time |
|---|---|---|---|---|
| SATX | SATX <Index> | .SATX | CET 09:00 - 17:45 |
Main Features of the Short ATX:
- Consideration of dividend payments
- Free float: percentage of its shares which are effectively available for trading. Possible free float factors that an index member can have: 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 20%.
- The index is calculated every day that the Vienna Stock Exchange is open for trading.
- Inverse reproduction of the ATX development
- Due to the portfolio strategy (short selling and thus earning of cash) generation of revenues of interest payments in the amount of the double interbank rate EONIA. Therefore this strategy offers in addition the possibility of an additional performance in sideward developing markets.
- Quarterly review and adjustment of the calculation parameters
- Semi-annual revision of the number of index constituents (March / September)
- All decisions regarding the index are taken by the index committee at its quarterly meetings.