The U.S. Commodity Futures Trading Commission's (CFTC's) Office of General Counsel issued a no-action letter on July 18, 2007, permitting the offer and sale in the United States of Eurex Deutschland’s (Eurex’s) futures contracts based on the Dow Jones STOXX 600 Index (DJS 600) and the Dow Jones STOXX Mid 200 Index (DJSM 200).
The DJS 600 is a broad-based, free-float-market-capitalization-weighted, total-return security index maintained by STOXX Limited, a joint venture of Deutsche Boerse AG, Dow Jones & Company, and the SWX Group. The DJS 600 is comprised of 600 highly capitalized and actively traded stocks listed and traded on stock exchanges from 17 European countries.
The DJSM 200 is a broad-based, free-float-market-capitalization-weighted, total-return security index that is a subset of the DJS 600. Specifically, the DJSM 200 is comprised of the middle 200 companies in the DJS 600 measured by free-float-market capitalization.
Based on data supplied by Eurex, the total adjusted market capitalization of the DJS 600 was approximately US$14.943 trillion and of the DJSM 200 was US$3.27 trillion, as of December 15, 2006.
- For information on foreign exchange-traded security index futures contracts pending no-action approval with the CFTC's Office of General Counsel see the Foreign Instrument Approvals & Exemptions Backgrounder at www.cftc.gov/opa/backgrounder/opapart30.htm.
