CFTC Approves SGX Stoxx 50 Index Future
On February 6, 2012, Singapore Exchange Derivatives Trading Limited (SGX) requested expedited Commodity Futures Trading Commission (CFTC) review of the SGX’s Euro Stoxx 50 Index futures contract so that it may be offered to U.S. persons. SGX also requested that the contract may be made available through direct access terminals in the United States.
The CFTC’s Division of Market Oversight reviewed the contract and determined that it satisfied the requirements of the Commodity Exchange Act (Act) and the Commission’s Regulations. Accordingly, the Euro Stoxx 50 Index futures contract is deemed to be in conformance with the Act and therefore may be offered or sold to persons in the U.S. SGX may make the contract available for trading through its direct access terminals in the U.S.