CFTC Issues Orders of Registration for Bursa Malaysia Derivatives Berhad and Singapore Exchange Derivatives Trading Limited

The CFTC announced it has issued separate Orders of Registration to two foreign boards of trade ("FBOTs"): Bursa Malaysia Derivatives Berhad and the Singapore Exchange Derivatives Trading Limited.

Under the Order, the FBOTs are permitted to provide their identified members or other participants located in the United States with direct access to its electronic order entry and trade matching system to trade various futures and options contracts.

The CFTC issued the Orders in accordance with Part 48 ("Registration of Foreign Boards of Trade") of its rules, which provides that such an Order may be issued to a FBOT that possesses, among other things, the attributes of an established, organized exchange and that is subject to continued oversight by a regulator that provides comprehensive supervision and regulation comparable to that exercised by the CFTC.

See: CFTC Bursa Malaysia Derivatives Berhad Order; CFTC Singapore Exchange Derivatives Trading Limited Order; CFTC Press Releases for Bursa and Singapore.

Related News: CFTC Chair Massad Continues Urging Cross-Border Harmonization of Swaps Rules (with Lofchie Comment and Wikipedia Selection) (January 23, 2015).