The Chicago Mercantile Exchange, The Spanish Futues and Option Exchange MEFF and Standard & Poor’s have agreed to launch stock index futures contracts based on the S&P Euro Index and the S&P Europe 350 Index. It will also include three sector indices from the S&P Europe 350 Index., the finnacial, information technology and telecoms sectors.
The move establishes them as the first futures products that will trade on a European exchange, while clearing on a US exchange.
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