An index warrant is a structured warrant (“SW”) that is issued over an underlying index e.g. the Hang Seng Index or the FTSE Bursa Malaysia KLCI. The index call warrant tracks the performance of the underlying index i.e. it will tend to increase in value when the underlying index increases, while index put warrants move in an opposite direction to the underlying index, meaning it tends to increase in value when the underlying index decreases.

Click on a tile below to learn more about each underlying index.

Nikkei Stock Average (Nikkei 225) Index

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SPDR® Gold Trust

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Hang Seng Index

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Hang Seng TECH Index

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FTSE Bursa Malaysia KLCI

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Live matrix

Visit the Live Matrix page to see how you can utilize this powerful tool to track the movements of your index warrants.

View Live Matrix

Click on a section below to get more in depth information on warrants.


All data sourced from Bloomberg and the official websites of the underlying index sponsor or ETF manager (as applicable) as of December 2021.

*Nikkei Stock Average (Nikkei 225) statement of rights and disclaimer - August 2023:

Nikkei Inc. is the sole exclusive owner of the copyright and other intellectual property rights in the Nikkei Stock Average (Nikkei 225) itself and the methodology to calculate thereof, The intellectual property and any other rights in the marks to indicate Nikkei and the Nikkei 225 shall be vested in Nikkei Inc.;

Nikkei Inc. does not sponsor, support, sell or market the “Warrants”. The “Warrants” are managed exclusively at the risk of the “Licensee”, and Nikkei Inc. shall assume no obligation or responsibility for management of and transactions involving the “Warrants”.

Nikkei Inc. shall not have the obligation to continuously announce the Nikkei 225 and shall not be liable for any error, delay, interruption, suspension or cessation of announcement thereof. Nikkei Inc. shall have the right to change the description of the stocks included in the Nikkei 225, the calculation methodology of the Nikkei 225 or any other details of the Nikkei 225

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