Eurex US, the proposed US futures and options exchange run by Eurex, the Swiss German derivatives exchange, looks set to win regulatory approval to trade following its acquisition of defunct BrokerTec Futures (BTEX) which already has an approved trading licence.

Eurex US has merged with BTEX, the all-electronic, consortium-owned exchange, giving the remaining shareholders in the troubled entity an equity stake in its new business. BTEX was set up by a consortium of banks in late 2001, but ceased trading in November last year, having failed to attract sufficient liquidity.