<i>SINdex</i> and others to debut on USFE

The U.S. Futures Exchange has announced it will launch its initial derivatives products based on select International Securities Exchange Sector Indexes.
The launch, which will take place on Sept. 14, includes the ISE Water Index (HHO), ISE Homebuilders Index (RUF), ISE Gold Index (HVY), ISE-Revere Natural Gas Index (FUM) and the ISE SINdex (SIN), which is composed of alcohol, tobacco and gaming companies.
Under the previously announced multi-year agreement, USFE and ISE will co-market the new derivative products to their respective membership bases.
The contracts will trade as traditional equity index futures and will expire at the end of each quarter.
The Chicago-based USFE offers specialized products for retail, hedge fund and institutional customers in a futures and options exchange.
USFE was formed in 2006 following Man Group’s investment in the former Eurex US.