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

  • SEC Class No-Action Relief

    Now available for LSEDM eligible single stock and index options

Following an application to the SEC, London Stock Exchange Derivatives Market announced, on 20 November 2014, 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.