Washington, DC — The Commodity Futures Trading Commission's (CFTC’s) Office of General Counsel today announced that it issued a no-action letter on August 31, 2011, permitting the offer and sale in the United States of Euronext Brussels’ (EB) futures contract based on the BEL 20 Index (B20).
The B20 is a free-float, market-capitalization-weighted index of the largest and most liquid 20 stocks listed on the EB, and it serves as the blue-chip index for the Belgian equity market. As of December 2, 2010, the total adjusted market capitalization of the stocks in the B20 was approximately US $89 billion.
This is a product approval only. U.S. customers may trade approved foreign exchange-traded products through a registered futures commission merchant (FCM) which is either a member of the foreign exchange on which that product is listed or which 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: www.cftc.gov.