London Stock Exchange Derivatives Market to offer stock, depositary receipt and index options to US investors

  • 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.”

Ends

For further information:

Media
Alexandra Ritterman 
+44 (0)20 7797 1222
newsroom@lseg.com

Notes to editors:

About London Stock Exchange Group:

London Stock Exchange Group (LSE.L) is a diversified international exchange Group that sits at the heart of the world's financial community. The Group can trace its history back to 1801.

The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and the pan-European equities platform, Turquoise. Through its markets, the Group offers international business, and investors, unrivalled access to Europe's capital markets.   Post trade and risk management services are a significant and growing part of the Group’s business operations. LSEG operates CC&G, the Rome headquartered CCP and Monte Titoli, the significant European settlement business, selected as a first wave T2S participant. The Group is also a majority owner of leading multi-asset global CCP, LCH.Clearnet.

The Group offers its customers an extensive range of real-time and reference data products, including Sedol, UnaVista, Proquote and RNS. FTSE calculates thousands of unique indices that measure and benchmark markets and asset classes in more than 80 countries around the world.

London Stock Exchange Group is also a leading developer of high performance trading platforms and capital markets software. In addition to the Group’s own markets, over 40 other organisations and exchanges around the world use the Group’s MillenniumIT trading, surveillance and post trade technology.

Headquartered in London, United Kingdom with significant operations in Italy, France, North America and Sri Lanka, the Group employs approximately 2,800 people.

Further information on London Stock Exchange Group can be found at: www.lseg.com