CME Europe announced that the U.S. Commodity Futures Trading Commission has registered it as a FBOT
OREANDA-NEWS. 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.
As the world's leading and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. Around the world, CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its exchanges based in Chicago, New York and London. CME Group also operates one of the world's leading central counterparty clearing providers through CME Clearing and CME Clearing Europe, which offer clearing and settlement services across asset classes for exchange-traded and over-the-counter derivatives. CME Group's products and services ensure that businesses around the world can effectively manage risk and achieve growth.