FIA fights Eurex corner
Eurex is getting some strong support from certain quarters
of the US futures industry. In a statement that was due to have
been presented at the postponed Congressional hearing in
Washington, Futures Industry Association president John Damgard
said that by establishing an exchange in the US, Eurex was
"essentially offering to repatriate a significant portion of
its volume that is attributable to US participants."
US Futures Exchange will not only list US Treasury
instruments, but also contracts currently listed on Eurex.
"This can only be good news for US market participants and
their intermediaries," said Damgard. US customers trading these
products on US Futures Exchange "will be able to enjoy the full
scope of the US regulatory program".
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.