Singapore Exchange (SGX) has received approval from the U.S. Commodity Futures Trading Commission (CFTC), to be registered as a Foreign Board of Trade.
The registration provides legal certainty to U.S. customers with direct access to SGX’s Asian equity derivatives, commodities offerings and trading infrastructure.
The approval endorses SGX as an established and well-regulated derivatives exchange subject to continued oversight by the local regulator.
SGX had previously been approved as a Derivatives Clearing Organization status by the CFTC in 2013. They signify that U.S. participants are able to trade and clear their derivatives contracts in compliance with the latest U.S. laws and regulations.