Eurex US To Start On February 8 - CFTC Approves Eurex US As A Designated U.S. Contract Market - Ferscha: Important Step Towards A Truly Global Derivatives Market On The Eurex Network

The international derivatives market Eurex today confirmed the February 8 date for the start of trading on its new all electronic U.S. exchange Eurex US, following the Commodity Futures Trading Commission’s (CFTC) designation of the exchange as a U.S. contract market.

”We are more than delighted with the Commission’s decision to approve Eurex US today. Our U.S. market will start on February 8,” said Rudolf Ferscha, CEO of Eurex. “This is an important step towards a truly global derivatives market on the Eurex network. Together with our customers, our new U.S. equity partners and international regulators we will work towards the goal of global connectivity with choice of trading and clearing. Eurex US will be bringing a new market model into the States, creating new trading and clearing opportunities for our customers worldwide and a level playing field in the U.S. futures industry for the first time. We are grateful for the tremendous support we have seen from the U.S. futures industry so far and look forward to working closely with them in the future. Eurex particularly appreciates the Commission’s efforts in bringing its consideration of the application to a timely conclusion,” he said.

Eurex US, located in and operating out of Chicago, will begin trading at 7 pm CST on February 8 and will initially offer trading in futures and options on 2-, 5- and 10-year Treasury notes and on 30-year Treasury bonds. All Eurex US products will be cleared by The Clearing Corporation in Chicago.

According to Eurex US all technical and operational launch preparations have been completed. Over 100 customers have completed the simulation process. Thirty six market participants have signed up for the market maker program.