Singapore Exchange (SGX) and STOXX, the global index provider and the creator of the leading European equity indices, today announced that they have reached a consensus on a licence agreement which will allow the SGX to list US-dollar denominated EURO STOXX 50 Index futures and options on futures.

Subject to regulatory approval, the targeted launch date for the US-dollar denominated futures and options on futures contracts will be in the second half of 2010.

The EURO STOXX 50 Index is one of Europe’s most successful equity index. It is weighted by float-adjusted market capitalisation, and each component’s weight is capped at 10% of the index's total free-float market capitalisation.

The EURO STOXX 50 Index represents 50 supersector leaders in the 12 Euro zone countries Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxemburg, the Netherlands, Portugal and Spain. It captures about 60% of the free-float market capitalisation of the EURO STOXX TMI Index, and is widely used as an underlying index for financial products globally.