Eurex announced that US introducing brokers (IB) can now become direct exchange members with the aim of making its markets easily accessible to a broad global trading community. This follows rule changes at the US Commodity Futures Trading Commission (CFTC) for registered IBs to have direct access to electronic trading systems of registered foreign boards of trade.
IBs generally act as intermediaries between clients and brokers. So far, US market participants utilizing IBs to trade on Eurex had been limited to non-US-based IBs, many of which were not available after markets closed in Europe. The new regulation and Eurex’s new offer will enable US clients to continue to execute via US IBs for the full US trading day.
A wide range of European and global benchmark derivatives can be traded on Eurex till the end of the US trading day, including EURO STOXX 50, STOXX Europe 600, German Bond Futures or a broad range of MSCI derivatives.
Robbert Booij, CEO of Eurex, said in a statement: “Providing clients with easy access to our markets is a top priority for us. This latest move offers US market participants greater choice and will provide them with greater efficiency in terms of trading and risk management.”