- US Securities and Exchange Commission (SEC) class no-action relief allows London Stock Exchange Derivatives Market, and its eligible members, to offer certain US investors a number of option contracts
- Complements Group’s global derivatives offering
Following an application to the SEC, London Stock Exchange Derivatives Market today announces that it has received class no-action relief status for its UK and IOB stock, depositary receipt and index options. This new status enables London Stock Exchange Derivatives Market, and its eligible members, to offer certain US registered broker-dealers and large financial institutions these products, further enhancing the market’s global offering.
The SEC class no-action relief comes after London Stock Exchange Derivatives Market obtained Commodity Futures Trading Commission (“CFTC”) Regulation 30.13 certification from the CFTC for the FTSE 100 Index and the FTSE Large Cap Super Liquid Index futures contracts earlier this year. This registration allows these contracts to be offered and sold to persons located in the United States in accordance with the US Commodity Exchange Act and CFTC regulations.
Nicolas Bertrand, Head of Equity and Derivatives Markets, London Stock Exchange Group: “Our class no-action relief status is another significant step towards broadening our distribution network and enhancing liquidity on our derivatives market. London Stock Exchange is committed to creating a comprehensive and competitive derivatives trading venue, complementing the other diverse markets within the Group.”