The FTSEurofirst 80 and FTSEurofirst 100 Index futures contracts were launched on 23 June 2003 following customer demand for European stock index products which had better coverage and sector representation than existing index sets. The major advantage of the FTSEurofirst products is the high level of liquidity in the underlying stocks in the indices, as well as stronger correlation with the broader European benchmark indices.
Hugh Freedberg, Chief Executive of Euronext.liffe said, "We welcome the CFTC's decision. This will now allow our US customers to protect their European stock portfolios against adverse price changes and will help them to establish a value today for a portfolio of stocks they plan to buy or sell in the future."
