CME Europe Approved as a Foreign Board of Trade by the CFTC
CME Europe, CME Group’s European multi-asset class exchange, today announced that the U.S. Commodity Futures Trading Commission has registered it as a Foreign Board of Trade (FBOT). FBOT status allows CME Europe to offer US based participants direct access to the exchange.
Cees Vermaas, CEO of CME Europe, says,
“CME Europe is pleased to receive approval from the CFTC. With FBOT status, CME Europe is closing the gap between the continents by being able to offer experienced US participants access to the European futures and options markets via CME’s London-based exchange. Being registered as a FBOT and also as a Regulated Market Operator by the Monetary Authority of Singapore gives CME Europe the infrastructure to operate on a global basis in line with CME Group’s offering.”
CME Europe was recognized as a Regulated Market Operator in Singapore on August 8, 2016. CME Europe is a London-based, FCA-supervised derivatives exchange.
Source / More: CME Group