Thursday May 24 2018

News Source: Global Exchanges

Focus: Trading Rules

Type: General




On 22nd May 2018 the Commodity Futures Trading Commission (CFTC) approved the Australian Securities Exchange Limited’s (ASX 24) application to permit direct access for U.S. customers to trade on its platform.

This development means that has been granted ASX foreign board of trade (FBOT) status by the CFTC and is therefore allowed to permit members and other participants in the U.S. to trade directly on the exchange without having to trade through an intermediary.

The ASX 24 Order follows in the spirit of the CFTC’s regulatory deference program, which reflects the Commission’s confidence and trust in the oversight of market infrastructures and participants by the relevant home country regulators, especially in matters of market practices, transparency, and price formation.

In the case of ASX 24, such supervision is carried out by the Australian Securities and Investments Commission (ASIC), which oversees ASX 24’s compliance with relevant requirements, including customer protection and market integrity measures.

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