Commenting on the launch on Eurex US, Ferscha said "We want to deliver value to the derivatives industry worldwide through our global growth model. Eurex US will allow customers worldwide to access the Eurex network under US regulation with expanded coverage of all major time zones. Eurex US will allow us to leverage our high-volume European product range and facilitate cross market trading, accelerating industry growth," he said. Major milestones in establishing this new exchange were the access to clearing infrastructure through a partnership with the Chicago-based clearing organization The Clearing Corporation and aligning the interests of market participants and the exchange through an equity partnership in Eurex US.
Satish Nandapurkar, CEO of Eurex US added: "Eurex US has created a level playing field in offering customers equal access through the world's most superior trading network to a wide range of products and services." With the lowest sustainable pricing in the market, Eurex US is offering customers what they want "lower costs and more growth. "This model has seen unprecedented industry support," said Nandapurkar.
Eurex US currently maintains markets for futures and options on 2-, 5- and 10-year Treasury notes and on 30-year Treasury bonds. Pending approval of international regulatory authorities, Eurex US will expand its offerings to include trading in futures and options on 2-, 5- and 10-year Euro-denominated interest rate products as well as futures on the European DAX® and Dow Jones Euro STOXX 50 SM stock indexes. The Chicago-based Clearing Corporation (CCorp) is acting as Eurex US' clearing organization in the U.S. In a next step, and pending approval of the Commodity Futures Trading Commission, a transatlantic clearing link will be established between CCorp and the leading European clearing organization Eurex Clearing AG resulting in substantial cost savings for customers.
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