FRANKFURT - Members of the Deutsche Terminbourse have been allowed to promote the exchange's DAX Stock Futures Index contract to U.S. based financial institutions.

The Commodity Futures Trading Commission, by issuing a no-action letter, effectively granted Terminbourse members registered with the National Futures Association to actively sell Terminbourse futures products to U.S. investors.

The DAX Stock Futures Index contract is based upon the share prices of Germany's 30 largest publicly held companies. The index is widely viewed as the benchmark for the German stock market and is frequently used as an investment proxy for the German equity market.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.