On June 1, the Commodity Futures Trading Commission issued Orders of Registration to BM&FFBOVESPA S.A. (BVMF) and Cleartrade Exchange Pte. Limited (Cleartrade), permitting the two Foreign Boards of Trade (FBOTs) to provide their identified members or other participants in the United States with direct access to their electronic order entry and trade matching systems.
BVMF is an FBOT located in São Paulo, Brazil. BVMF will offer direct access for futures and options contracts based upon interest rates, FX, securities and inflation indices, governmental bonds, and physical and energy commodities. BVMF previously offered access under a CFTC no-action letter.
Cleartrade is an FBOT that is wholly owned by the European Energy Exchange (EEX), and registered in Singapore. Cleartrade will offer direct access for futures and options contracts on freight, container, iron ore, steel, coal and fertilizer.
The CFTC press release is available here.