Acting Chairman Pham Announces FBOT Advisory to Provide Regulatory Clarity for Non-U.S. Exchanges

"On August 28, 2025, the Commodity Futures Trading Commission (CFTC) issued an update regarding Acting Chairman Pham Announces FBOT Advisory to Provide Regulatory Clarity for Non-U.S. Exchanges". The CFTC's Division of Market Oversight issued an advisory on the foreign board of trade (FBOT) registration framework, providing regulatory clarity for non-U.S. entities seeking to provide direct market access to their trading platforms in the United States. This move aims to promote access to markets and simplify the registration process.