Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Eurex US Launch Date Moved To February 8 - Technical And Operational Preparations For Eurex US Launch Completed - Ferscha: We Anticipate A Positive Vote By The Commission On February 4 - Production Software Rolled Out Today

Date 27/01/2004

Eurex, the world's largest derivatives exchange, announced on Tuesday it has adapted the launch schedule of its new U.S.-based futures exchange Eurex US to a February 8 launch, subject to Commodity Futures Trading Commission (CFTC) approval. Eurex US is currently seeking approval from the U.S. regulator CFTC, which announced earlier on Tuesday that it will consider Eurex US' application on February 4.

"We have finalized preparations and the market is ready to start. We anticipate a positive vote by the Commission on February 4 which will allow for a timely implementation of our U.S. business venture," said Rudolf Ferscha, CEO of Eurex.

According to Eurex the technical and operational launch preparations for Eurex US have been completed as planned. The production software is being rolled out today to customers for installation at member sites, completing technical member readiness for the exchange launch.

Confinity_sky1-min.gif MV 120 X 600 Hard to Reach BT_Radianz_120x600_Jul23.jpg
Confinity_sky1-min.gif MV 120 X 600 Hard to Reach BT_Radianz_120x600_Jul23.jpg