Flexible trading with warrants
Warrants are derivative financial instruments and are issued by banks. By buying a call or put warrant, you can speculate on rising or falling prices of a share, an index, a commodity, a currency or another underlying asset. Compared to other securities such as certificates or CFDs, warrants are characterized by their limited maturity. The price of a warrant does not develop linearly with the underlying, but is also influenced by volatility and the remaining term.
In addition to purely speculative use, call and put warrants (just like options) can also be used to hedge a portfolio or an individual security.
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Certificates and warrants at permanently favorable conditions
As in other trading categories and for basically all asset classes, favorable conditions have priority for us: You can trade warrants and certificates at CapTrader from as little as 6.00 euros - the minimum of what we charge is just 0.20 percent of the transaction volume per trade.
WHAT ARE WARRANTS?
Warrants are derivatives issued by banks that can be traded on the stock exchange at any time (German term for covered warrant) and securitize the right, but not the obligation, to buy (call) or sell (put) the corresponding underlying at predetermined conditions. In contrast to options, investors cannot act as writers. This means that, unlike options, warrants cannot be "written".
GERMANY
Warrants can be traded daily from 9:00 a.m. to 8:00 p.m. CET on the major German stock exchanges in Stuttgart (special trading segment: Euwax) and Frankfurt.
EUROPE
In addition, European certificates are also tradable on Euronext France (SBF) and the Dutch Euronext NL Stocks (AEB).
ASIA
Asian certificates are offered for trading on the Hong Kong Stock Exchange (SEHK).
How can I trade warrants at CapTrader?
In order to be able to trade warrants at CapTrader, a Trading authorization for the Product group warrants Prerequisite.
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Our trading platforms offer features that meet the needs of investors as well as dedicated and active traders. Benefit from the power of our feature-rich platforms and trade warrants and certificates via CapTrader from anywhere.
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Trade warrants and certificates from various providers on the Frankfurt and Stuttgart stock exchanges - as always at CapTrader at particularly favorable conditions.
Frequently asked questions about Warrants
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How do warrants work?
Warrants are securitized options and contain the right, but not the obligation, to buy or sell a specific underlying at a predetermined price on a specific date in the future. Call warrants represent the right to buy the underlying and are used to bet on rising prices. Put warrants represent the right to sell the underlying and are used to speculate on (or hedge against) falling prices.
What is the difference between a warrant and an option?
Warrants are issued by a financial institution and are securitized rights or securitized options. In other words, warrants are not true futures contracts and do not have standardized contract details. Options are standardized forward contracts and are traded on options and futures exchanges. Unlike options, warrants cannot be sold and therefore no writer strategies can be implemented.
What is the difference between warrants and certificates?
The pricing of a warrant is not linear to the price development of the underlying. The reason for this is that the volatility of the underlying also has an influence on the price of the warrant. Certificates, on the other hand, develop linearly with the price of the underlying. In addition, certificates do not have an expiration date and therefore do not suffer any loss of time value.
What is the term of a warrant?
The term of a warrant is limited and predetermined. Since warrants are not standardized contracts, the terms may differ depending on the issuer. As a rule, numerous warrants with different terms are available for each underlying. These can range from a few weeks to several months or years.
Where are warrants traded?
Warrants are issued by banks and can be traded over-the-counter directly with the issuer. In addition, warrants can be traded on some stock exchanges. In particular, the Frankfurt Stock Exchange and the Stuttgart Stock Exchange with its EUWAX trading segment are well-known trading venues for warrants.
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