For Release: December 29, 2009
CFTC Staff Allows Singapore Exchange Derivatives Trading Limited’s Mini Futures Contract Based on the Nikkei 225 Stock Index To Be Offered and Sold in the United States
Washington, DC - The Commodity Futures Trading Commission (CFTC) today announced that the Office of General Counsel issued a no-action letter on December 23, 2009, permitting the offer and sale in the United States of Singapore Exchange Derivatives Trading Limited’s (SGX-DT) mini futures contract based on the Nikkei 225 Stock Index.
The Nikkei 225 (the unit is yen) is made up of highly capitalized and actively traded stocks currently listed in the first section of the Tokyo Stock Exchange. As a widely recognized index of stock market activity in Japan, the Nikkei 225 is similar to the Dow Jones Industrial Average in the U.S.
This is a product approval only. U.S. customers may trade approved foreign exchange-traded products through a registered futures commission merchant (FCM) that is either a member of the foreign exchange on which that product is listed or that has established an omnibus account with a clearing member on that exchange, or directly through a member of the foreign exchange that has been granted exemptive relief pursuant to Commission Regulation 30.10. For more information on foreign markets, products and intermediaries, please see the Commission's website (see Related Documents link).
R. David Gary
Last Updated: December 30, 2009