John Foyle, LIFFE's Deputy Chief Executive said: 'LIFFE welcomes the CFTC's decision which means that LIFFE's US customers can manage their exposure to the European equity market by trading one of the most successful and liquid pan-European index products, the FTSE Eurotop 100 index futures. This contract is traded on LIFFE CONNECT ™, LIFFE's state-of-the-art electronic trading system.
We offer our customers the widest choice anywhere of pan-European equity index products, by listing derivative contracts based on two competing families of indices - one provided by FTSE and the other by Morgan Stanley Capital International (MSCI). Apart from the FTSE Eurotop 100 Index Futures contract, we have outstanding requests to the CFTC in respect of all of these products to be offered and sold to US investors. We are encouraging the CFTC to issue 'No Action' letters for these products as soon as possible and we are confident they will do so.'
