Following an application to the US Securities & Exchange Commission (SEC), London Stock Exchange (LSE) Derivatives Market has received class no-action relief status for its UK and internal order book (IOB) stock, depositary receipt and index options, further enhancing the market’s global offering.
This new status enables London Stock Exchange Derivatives Market and its eligible members to offer certain US registered broker-dealers and large financial institutions a number of option contracts.
“Our class no-action relief status is another significant step towards broadening our distribution network and enhancing liquidity on our derivatives market,” said Nicolas Bertrand, head of equity and derivatives markets, LSE Group. “London Stock Exchange is committed to creating a comprehensive and competitive derivatives trading venue, complementing the other diverse markets within the group.”
The SEC class no-action relief comes after LSE Derivatives Market obtained US Commodity Futures Trading Commission (CFTC) Regulation 30.13 certification for the FTSE100 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.
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