RPT-Czech plans CEZ, Erste futures- bourse member

19.01.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

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The Prague Stock Exchange plans to start trading futures of shares in power company CEZ and Austria's Erste Bank , a bourse member said on Friday.

"It is in the process of being approved," Milan Prochazka of Patria Finance told Reuters.

Prochazka, who sits on the bourse's exchange trades committee, said the approval process should be concluded early next week and that trading may start on Jan. 29.

Trading would start with March and June futures. Maximum spread for price quotes on CEZ would be 20 crowns, and the spread on Erste futures would be up to 30 crowns.

A spokesman for the PSE said he was not aware of the plan.

[PRAGUE/Reuters/Finance.cz]

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