A Liffe spokesperson said the USFs have been welcomed by member firms, "The big advantage of USFs is that you are getting access to international stocks under one regulatory regime... this removes the problem of going to different stock exchanges." However, the exchange admitted that the USF is a new product and there is still a lot of information to be gathered on it.
Liffe's joint venture with Nasdaq to market USFs in the US is still awaiting approval from the US regulators. Congress has set December 21 as the date to begin trading in this instrument.
The week on Risk.net, July 7-13, 2018Receive this by email