Seven industry trade groups representing derivatives industry participants have urged the Commodities and Futures Trading Commission (CFTC), the US derivatives regulator, to act promptly on the approval of Eurex US.

The groups, which include the Futures Industry Association (FIA), the Bond Market Association (BMA) and the International Swaps and Derivatives Association (ISDA), and which all represent participants of the financial markets, said the exchange will be put at a significant disadvantage if the CFTC does not approve it as soon as possible.