CFTC Expands Foreign Merchant Exemptions

Law360, New York (November 15, 2007, 12:00 AM EST) -- The U.S. Commodity Futures Trading Commission on Wednesday clarified and expanded the ability of foreign firms to trade on U.S. futures markets, specifically when the firm's customers are also foreign.

The CFTC formally adopted the rules, meaning they will soon be published in the Federal Register and will be effective in 30 days from Wednesday. They were first proposed in April, and soon garnered the endorsements of two leading futures merchant interest groups.

In a further opening of the U.S. futures markets to international entities, on...
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