Banking | European Banks
Share baskets trading
Banking | European Banks
Share baskets trading
General Description
The CMC Markets EU Banks Share Basket tracks the performance of an initial 14 shares with exposure to the EU banking industry chosen by the Share Basket Review Panel.
The Share Basket was created with a base level of 4,000 as of 31 December 2019.
EU Banks is one of the 16 trending share baskets you can now trade on. Trading share baskets allows you to diversify your risk, so a sharp movement in one company’s share price doesn’t have a disproportionate effect on the overall holding.
Trading hours
| Day | Trading hours |
| Mon | 08:00-16:30 |
| Tue | 08:00-16:30 |
| Wed | 08:00-16:30 |
| Thur | 08:00-16:30 |
| Fri | 08:00-16:30 |
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Trading hours shown in London local time, please check under product overview for more details
Index constituent weightings
| Component | Initial Weighting |
| Santander | 11.00 |
| Banco Bilbao Vizcaya Argentaria | 11.00 |
| BNP Paribas | 11.00 |
| ING Groep | 11.00 |
| Societe Generale | 11.00 |
| Banco de Sabadell SA | 5.00 |
| Bankia SA | 5.00 |
| Bankinter SA | 5.00 |
| Caixabank | 5.00 |
| Commerzbank | 5.00 |
| Credit Agricole | 5.00 |
| Deutsche Bank | 5.00 |
| Natixis | 5.00 |
| Banco Comercial Portugues SA | 5.00 |
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Review under Share Basket Disruption Event and Share Basket Rebalancing.
*Disclaimer: Century Financial Consultancy LLC (“CFC”) is Limited Liability Company incorporated under the Laws of UAE and is duly licensed and regulated by the Emirates Securities and Commodities Authority of UAE (SCA). Services offered by CFC include financial market products that are traded on margin and can result in losses that exceed deposits. Transactions or trades in the financial markets are very risky, and you should trade only with the capital you can afford to risk or lose. Before deciding to trade on leveraged products, you should consider your investment objectives, risk tolerance and your level of experience with these products. Trading with leverage carries significant risk of losses and as such margin products are not suitable for every investor, and you should ensure that you understand the risks involved and seek independent advice from professionals and experts if necessary. CFC is not responsible or liable for any result, gain or loss, based on this information, in whole or in part. Refer to risk disclosure on our website.