Sights set on CBoT infirst round of competition
Eurex unveiled its long-anticipated plans for its Eurex US
exchange last week, revealing that Chicago Board of Trade
(CBoT) will be first in the competitive firing line.
Eurex announced it will launch its US exchange on 1 February
by listing two-, five-, and ten-year Treasury notes and 30-year
T-bond futures and options contracts. These contracts are
closely structured to the well-established notes and bond
contracts offered at CBoT. In addition, Eurex US will offer
two-, five- and ten-year contracts on Euro interest rates, as
well as Eurex's European equity index contracts such as the Dax
and Dow Jones Eurostoxx 50.
Eurex ceo Rudi Ferscha said additional products will be
announced in due course; competition for Chicago Mercantile
Exchange's Eurodollar contract and an entry into the US equity
options market are expected.
With a 20-hour trading day spanning both locations, Eurex
hopes to capitalise on US interest in the European contracts
and vice versa, as well as competing head-to-head for CBoT's
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