CFTC revokes FBOT registration upon request of CME Europe

CFTC offices

The Commodity Futures Trading Commission (CFTC) on December 15, 2017 issued an order revoking the foreign board of trade (FBOT) registration of CME Europe Limited (CMEEL). Such registration permits an FBOT to allow identified members or other participants located in the United States to enter trades directly into the trade matching system of the FBOT.

The CFTC granted CMEEL FBOT registration by order dated October 31, 2016. On October 12, 2017, at the request of CMEEL and following the voluntary closure of CMEEL earlier this year, the Financial Conduct Authority in the United Kingdom revoked CMEEL’s status as a recognized investment exchange under the Financial Services and Markets Act.

Section 48.9 of CFTC regulations states the agency may revoke an FBOT’s registration in the event the FBOT is no longer authorized, licensed or registered, as applicable, in its home jurisdiction. Accordingly, the CFTC order revokes CMEEL’s FBOT registration effective October 12, 2017. With the revocation of CMEEL’s registration, there are now 16 FBOTs that are registered with the CFTC.

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