Eurex US, the new all-electronic US futures exchange, traded 39,441
contracts in US Treasury futures on its first trading day.
Chicago-based Eurex US started trading on Sunday evening at 07.00
p.m. with the trading day ending on Monday at 4.00 p.m. Eurex US
currently maintains markets for futures and options on 2-, 5- and 10-
year Treasury Notes and on 30-year Treasury Bonds.
The future on the 10-year Treasury Note was the most actively traded
contract with 25,472 contracts traded. Satish Nandapurkar, CEO of
Eurex US said: "The start of trading on Eurex US went flawlessly and
there is great liquidity on the system."
He said: "The Eurex US market model levels the US futures playing
field and allows all investors to benefit from low cost and open access
to some of the most liquid derivatives products worldwide".
To mark the launch of Eurex US, the television antennas atop the
Sears Tower, headquarters of Eurex US, were illuminated with green
and blue lights, the corporate colors of Eurex US.
Currently more than 1800 traders from over 100 member firms are
connected to Eurex US. A total of 36 market makers provide liquidity
to the new marketplace.
Eurex CEO Rudolf Ferscha said that the successful launch of Eurex US
is a vital step in realizing Eurex's goal of a harmonised network for the
trading and clearing of derivatives.
Commenting on the launch, Ferscha said "We want to deliver value to
the derivatives industry worldwide through our global growth model.
Eurex US will allow customers worldwide to access the Eurex network
under US regulation with expanded coverage of all major time zones.
Eurex US will allow us to leverage our high-volume European product
range and facilitate cross market trading, accelerating industry
Major milestones in establishing this new exchange were the access to
clearing infrastructure through a partnership with the Chicago-based
clearing organisation The Clearing Corporation, and aligning the
interests of market participants and the exchange through an equity
partnership in Eurex US.
Pending approval of international regulatory authorities, Eurex US will
expand its offerings to include trading in futures and options on 2-, 5-
and 10-year Euro-denominated interest rate products as well as
futures on the European DAX® and Dow Jones Euro STOXX 50 SM
In a next step, and pending approval of the Commodity Futures
Trading Commission, a transatlantic clearing link will be established
between CCorp and the leading European clearing organisation Eurex
Clearing AG. This transatlantic link is expected to result in substantial
cost savings for customers.