No European platforms apply to trade in US more than a month after regulators cut deal enabling them to
The US futures regulator has
expressed confusion that it has received no applications from
European trading venues wanting to trade in the US one month
after cutting a deal that enabled them to do so, writes
The Commodity Futures Trading
Commission and its European equivalent said on February 12
European trading platforms had until March 24 to apply for
relief from CFTC rules when trading in the US.
But Mark Wetjen, the acting
chairman of the CFTC, said on Tuesday: For now there
hasnt been take-up of the relief. It could be people are
wrestling with the standards and the platforms are dealing with
that, but for now there has been no uptake.
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