Eurex, the Swiss-German derivatives exchange, will start offering Dow Jones Stoxx 600 Bank and Dow Jones Euro Stoxx Bank index futures in the US today after receiving the regulatory go-ahead.The Commodity Futures Trading Commission (CFTC), the body that regulates the exchange-traded derivatives market in the United States, gave Eurex approval to offer the futures to its 59 US participants.
“We welcome the CFTC’s decision to allow our sector-index products in the US market,” said Eurex chief executive Rudolf Ferscha. “The US market is a central component to our international sales strategy and an important growth market for Eurex,” he added.
Futures on Eurex’s Stoxx 50 and Euro Stoxx 50 indexes are already traded in the US, along with a number of interest rate derivatives.
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