Eurex, the international derivatives exchange, says its four agricultural derivatives can now be traded in the US under the current Eurex no-action letter from the US Commodity Futures
Eurex, the international derivatives exchange, says its four agricultural derivatives can now be traded in the US under the current Eurex no-action letter from the US Commodity Futures Trading Commission.
This gives US based customers the opportunity to trade the four agricultural contracts listed on Eurex: futures on European processing potatoes and potatoes for the British market (London Potatoes), as well as piglet and hog futures.
Open interest has grown steadily since the launch on 20 July; currently it is above 4,000 contracts. Participants are able to trade the agricultural contracts from August to October 2009 for 50 per cent of the transaction fee.
Peter Reitz, member of the Eurex executive board, says: ‘Since 20 July, we have seen constant activity; average daily trading volume in the order book grew by 30 per cent. I am also pleased that the number of members who use our agricultural products has increased over the last weeks.’
