Man, Eurex remain silent on USFE

Speculation was rife last week surrounding which contracts the joint Man Group and Eurex US Futures Exchange (USFE) could offer. Market rumours suggested climate-based derivatives, products based on alternative investment or FX last week but the two firms remained tight-lipped over the exchange which was due to launch in the first
quarter next year.

According to one seasoned derivatives industry expert, the enigmatic description that the exchange would be "a product incubator and innovator to create new listed products," had led to varied rumours over...