20 October 2017
Register now

Eurex delays US launch by one week

28 January 2004  |  4259 views  |  0 Eurex logo

Swiss-German derivatives exchange Eurex has set back its launch date for the opening of its proposed US futures exchange by a week to 8 February. The move follows an announcement by the Commodity Futures Trading Commission (CFTC) that it intends to hold an open meeting to consider Eurex's application for contract market designation on Wednesday 4 February.

The regulatory body's announcement comes amid rising pressure from US industry associations for a prompt decision on the Eurex application ahead of the imminent roll-over of six-month Treasury futures contracts on rival Chicago exchanges. The CFTC last year moved Eurex’s application from a 60-day fast-track after fierce lobbying by the Chicago Mercantile Exchange and Chicago Board of Trade.

Rudolf Ferscha, CEO of Eurex, welcomed the CFTC's announcements: "We have finalised preparations and the market is ready to start. We anticipate a positive vote by the Commission on February 4 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.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

US trade groups urge regulators to speed up Eurex application

US trade groups urge regulators to speed up Eurex application

27 January 2004  |  4384 views  |  0 comments
CME's Satish Nandapurkar appointed CEO of Eurex US

CME's Satish Nandapurkar appointed CEO of Eurex US

22 January 2004  |  6528 views  |  0 comments
Eurex buys BrokerTec consortium support

Eurex buys BrokerTec consortium support

16 January 2004  |  7214 views  |  0 comments
Eurex smashes through billion contracts barrier as US assault draws closer

Eurex smashes through billion contracts barrier as US assault draws closer

18 December 2003  |  4488 views  |  0 comments
Eurex and Trading Technologies in software deal

Eurex and Trading Technologies in software deal

03 December 2003  |  4915 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comRegister nowvisit www.atos.net

Top topics

Most viewed Most shared
satelliteGates Foundation backs Ripple collaboratio...
8524 views comments | 13 tweets | 10 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
8492 views comments | 21 tweets | 26 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7576 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7030 views comments | 10 tweets | 22 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
6640 views comments | 14 tweets | 23 linkedin

Featured job

Find your next job