On November 5, the Commodity Futures Trading Commission (CFTC) approved Foreign Board of Trade (FBOT) registration applications for three non-US exchanges to allow their members and other US participants to enter orders directly into their respective trade matching systems. The FBOTs receiving such approvals were: 1) Euronext Amsterdam N.V.; 2) Euronext Paris SA; and 3) the European Energy Exchange of Germany, bringing the total number of FBOTs registered with the CFTC to 21.
In order to be registered, these exchanges were required to demonstrate, among other things, that they possess the attributes of established, organized exchanges (e.g., being subject to a level of regulatory oversight in their home country similar to the CFTC’s level of oversight over designated contract markets).
The CFTC’s press release, including links to copies of the Orders of Registration, is available here.