Tuesday November 12 2019
News Source: Global Exchanges
On 11th November 2019, the European Energy Exchange (EEX) announced that it was granted Foreign Board of Trade (FBOT) status by the United States Commodity Futures Trading Commission (CFTC) on 5th November 2019.
This regulatory status confirms that EEX can directly admit US trading participants for trading on the exchange. Before receiving the FBOT status EEX has been operating under a “no-action letter” of CFTC since 2004. With the FBOT registration, EEX is now fully recognised as a foreign exchange in the United States.
This recognition is an important step in EEX Group’s global growth strategy as it enables to connect participants from the US in the long-term and expand their global network of trading participants and brokers.
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