The CFTC issued an Order of Registration to Australian Securities Exchange Limited ("ASX 24"), a Foreign Board of Trade ("FBOT") located in Australia. In accordance with the Order, U.S. customers will be able to trade on ASX 24 by direct access (without using an intermediary).
In applying for registration with the CFTC, ASX 24 asserted that its regulatory obligations under its home-country regulator (the Australian Securities and Investments Commission) meet the requirements for registration under CFTC rules. According to the CFTC, the decision to grant an Order of Registration "follows in the spirit of the CFTC's regulatory deference program."
The CFTC has accepted FBOT registration applications since 2012, and to date has granted registration to 19 FBOTs.
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