Eurex US launch moved to 8 February

Wed, 28/01/2004 - 18:09

Fund Links

all funds all hedge all etf all open ended all closed ended all ucits all traditional/long all property all private equity by structure by strategy by country by city by domicile by administrator by custodian closures launches

Eurex has adapted the launch schedule of its new US-based futures exchange Eurex US to 8 February, subject to CFTC approval.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

Eurex <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />US is currently seeking approval from the US regulator CFTC (Commodities & Futures Trading Commission), which announced this week that it will consider the Eurex US application on 4 February.

Rudolf Ferscha, CEO of Eurex. said: "We have finalised preparations and the market is ready to start. We anticipate a positive vote by the Commission on 4 February which will allow for a timely implementation of our US business venture,"

According to Eurex the technical and operational launch preparations for Eurex US have been completed as planned. The production software is being rolled out today to customers for installation at member sites, completing technical member readiness for the exchange launch.