Release Number 5532-08
Release: 5532-08
For Release: August 19, 2008
CFTC Staff Action Allows Eurex Deutschland’s Futures Contracts Based on Four Stock Indices to Be Offered and Sold in the United States
Washington, DC - The Commodity Futures Trading Commission's (CFTC’s) Office of General Counsel today announced that it issued a no-action letter permitting the offer and sale in the United States of Eurex Deutschland’s (Eurex’s) futures contracts based on the SLI Swiss Leader Index (SLI), the Swiss Market Index Midcap (SMIM), the Dow Jones Euro STOXX Select Dividend 30 Stock Index (Select Dividend 30), and the TecDAX Index (TecDAX) (collectively, Indices).
The SLI and SMIM are subsets of the SPI Index (SPI), which is a broad-based, free-float market-capitalization-weighted index comprised of approximately 230 stocks of Swiss-domiciled companies traded on the SWX Swiss Exchange (SWX), and its subsidiary, SWX Europe Limited (SWX Europe), a Recognized Investment Exchange located in the United Kingdom. The SLI includes the 30 largest (by market capitalization) and most liquid stocks traded in the Swiss equity market represented in the SPI. The SMIM includes 30 of the largest and most liquid mid-cap stocks of the SPI.
The Select Dividend 30 is part of the Dow Jones World Index family of indices and is derived from the constituent stocks of the DJ STOXX 600 Index. The Select Dividend 30 is a broad-based, dividend- and price-weighted index that tracks the highest-dividend-yielding companies in the 12 Euro Zone countries.
The TecDAX is a broad-based, free-float market-capitalization-weighted, total-return index of 30 technology company stocks that are the largest and most liquid issues from the various technology sectors of the Prime Standard Segment of the Deutsche Boerse beneath the issues included in the DAX Index. The DAX Index consists of issues of the 30 German companies with the largest trading volume and market capitalization without regard to sector classification.
For more information on foreign exchange-traded security index futures contracts pending no-action approval with the CFTC's Office of General Counsel, see Foreign Products Available to U.S. Customers in the Related Documents section.
Media Contacts
Ianthe Zabel
202-418-5080
R. David Gary
202-418-5085
Last Updated: August 19, 2008