CIMB yesterday launched the first callable bull-bear certificates CBBCs on Malaysia's national stock exchange. The initial four CBBCs start trading today and will allow investors to bet on four popular local stocks AirAsia, Gamuda, Genting and Berjaya Corporation.
Malaysia is the first country in Southeast Asia to introduce CBBCs, said Charon Wardini Mokhzani, deputy chief executive of corporate and investment banking at CIMB, in a speech. Our launch of CBBCs today is yet another example of innovation in exchange-traded products, designed to give investors more choice. It is not a substitute but a complement to all the other exchange-traded products we have.
Hong Kong pioneered the trading of CBB...
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