Eurex to enter US equity index options market
Derivatives exchange Eurex has licensed a number of US equity indexes from index company Russell in its latest move into the North American derivatives market.
“This agreement marks the beginning of the expansion of the Eurex global liquidity network into US equity index products. Combining Russell’s benchmark indexesand Eurex’s global liquidity network creates low-cost trading and arbitrage opportunities on our global liquidity network,” said Rudolf Ferscha, Eurex’s chief executive.
He added: “We are in the unique position to offer our customers leading European and US equity index derivatives on the same platform. Investors will benefit from the cheapest way to equitise cash positions.”
In the US, equity index options contracts trade under exclusive licence agreements. The three biggest index options classes, the Standard & Poor’s (S&P) 500, the S&P 100 and the Dow Jones Industrial Average (DJX), currently reside at the Chicago Board Options Exchange.
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