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CFTC approves four Eurex futures on German and Swiss benchmark indices for US market

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The Commodity Futures Trading Commission has approved trading for the US market in four Eurex futures products offering exposure to the SLI Swiss Leader Index, the Swiss Market Index Midca

The Commodity Futures Trading Commission has approved trading for the US market in four Eurex futures products offering exposure to the SLI Swiss Leader Index, the Swiss Market Index Midcap (SMIM), the Dow Jones Euro Stoxx Select Dividend 30 index and the TecDax.

‘We are delighted to offer US customers exposure to the Swiss stock index market for the first time,’ says Heike Eckert, the executive vice-president responsible for Eurex’s activities in the US. ‘The US is one of Eurex’s most important markets. The approval of additional products gives our US participants new trading and diversification opportunities.’

The approval for the SLI and SMIM futures enables Eurex customers in the US to trade Swiss stock index products for the first time. The blue chip SLI index includes the 30 largest (by market capitalisation) and most liquid stocks traded in the Swiss equity market, while the SMIM includes the 30 largest and most liquid Swiss mid-cap stocks.

The Dow Jones Euro Stoxx Select Dividend 30 tracks the highest-dividend-yielding companies from the eurozone countries. TecDax is Deutsche Börse’s index for mid-sized companies from the technology sector. Beginning with capitalizations ranked immediately below the Dax, TecDax includes 30 technology sector stocks listed in the prime standard segment of the Frankfurt Stock Exchange.

US customers can already trade Eurex’s benchmark products, including futures on the DJ Euro Stoxx 50 index and Dax, as well as the Euro-Schatz, Euro-Bobl, Euro-Bund and Euro-Buxl interest rate derivatives. The trading volume generated directly in the US by CFTC-approved index products currently constitutes some 21 percent of the total Eurex volume in those contracts.

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