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Waves and warrants

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Can someone please explain to me what the difference is between those two?
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4 REPLIES 4
cfm
Super Contributor
A wave is a warrant that is issued in the money with a knock out barrier level. One touch of the barrier intra day (even for a second) will make the wave expire worthless.
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cfm
Super Contributor
Look here http://www.fin24.co.za/trading/sawarrants/education.asp?Nav=tr Go to Exotic warrants in the top part of the screen and then WAVEs.
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Not applicable
Yes, and when that wave warrant hit the barrier, you'll be a 'poor guy'...
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Not applicable
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