No details forthcoming at Boca
Eurex's US plans are likely to involve separate futures and
options exchanges, ceo Rudi Ferscha said last week.
However, those expecting a major announcement from Eurex at
last week's FIA conference in Boca Raton regarding its plans to
launch in the US were perhaps disappointed by the lack of
detail from the exchange.
Ferscha conceded that, given the different approaches of the
US regulators Commodity Futures Trading Commission and
Securities and Exchange Commission, it was likely that it would
launch equity options and futures markets separately. An
options exchange would almost definitely be cleared by Options
Clearing Corporation, which clears all other options markets in
the US. Clearing for a futures market would depend on what
route the exchange took, Ferscha told FO Week.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.