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Foreign Markets, Products, and Intermediaries

 

Access to Foreign Markets from the United States
Foreign boards of trade that wish to permit their U.S. members and other participants in the U.S. to have direct access to their electronic trade matching system (not through an intermediary) can request no-action relief from the Division of Market Oversight.

Foreign Products Available to U.S. Customers
In general, properly registered or exempt persons may offer or sell most foreign exchange-traded futures and commodity option products in the U.S. without additional approvals. Special procedures do apply, however, to the offer and sale of security index and foreign government debt products. These procedures do not apply to foreign exchange-traded security futures products, which generally may not be offered or sold in the U.S. until the CFTC and the U.S. Securities and Exchange Commission adopt rules governing such products.

Offer and Sale of Foreign Products to U.S. Customers
Under Part 30 of the CFTC's regulations, anyone who offers or sells a foreign futures or options contract to a U.S. customer must be registered under the Commodity Exchange Act in the appropriate capacity, unless specifically exempted from such registration requirement.

Last Updated: September 19, 2007