The CFTC granted Orders of Registration to Osaka Exchange, Inc. ("OSE") and Nasdaq Oslo ASA ("Nasdaq Oslo"), two Foreign Boards of Trade ("FBOTs") that are located in Japan and Norway, respectively. In accordance with the Orders, U.S. participants will be able to trade on OSE and Nasdaq Oslo by direct access to the electronic order entry without using an intermediary.
In a statement, CFTC Chair J. Christopher Giancarlo noted that the Orders demonstrate the CFTC's continued commitment to deference to home country regulators. However, he also criticized the length of time it took for the CFTC to approve these applications, noting that they were submitted six years ago.
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