The total warrants premium traded in July was a record £11.1 billion, representing 3,020 trades, according to the latest figures from the LSE. This is up from £7.8 million in June, representing 2,878 trades. Goldman Sachs traded 1,386 of the July contracts, representing a premium of £5.5 million.
John Glendinning, chief executive of online broker Comdirect, said UK warrants are one of his company’s fastest-growing products. “We have seen a rising trend in securities turnover since the beginning of the year, and one of the main reasons for this has been above average growth in covered warrants and certificate trading,” he said.