CFTC grants FBOT registration to two Canadian exchanges
On Aug. 26, the Commodity Futures Trading Commission formally registered ICE Futures Canada and Montreal Exchange as foreign boards of trade, which allows the exchanges to offer direct access to U.S. members. Although the exchanges were already offering direct access under no-action letters granted by CFTC staff, registration as an FBOT means that the CFTC has evaluated their home country regulators and determined that their supervision and regulation are comparable to the U.S.
“MX is very pleased to receive this approval from the CFTC,” said Alain Miquelon, president and CEO, Mon- tréal Exchange and group head of derivatives, TMX Group. “Securing FBOT status will enable our U.S. clients to continue to participate directly in the ongoing expansion and evolution of our world-class markets.”
