Business briefing

Singapore Exchange gets CFTC approval

THE Singapore Exchange (SGX) has received approval from the US Commodity Futures Trading Commission (CFTC) as a registered Foreign Board of Trade (FBOT). "The FBOT registration provides legal certainty to US customers with direct access to SGX's comprehensive suite of Asian equity derivatives and commodities offerings and trading infrastructure," SGX said on Friday. SGX was the first in Asia to receive the Derivatives Clearing Organization (DCO) status from the CFTC in 2013. "With both the FBOT and DCO statuses, US participants are able to trade and clear their derivatives contracts efficiently in compliance with the latest US laws and regulations," SGX said.

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