The Commodity Futures Trading Commission has issued an advisory clarifying how foreign exchanges can provide direct market access to U.S. traders under its Foreign Board of Trade (FBOT) registration framework. The Division of Market Oversight published the advisory on Wednesday. It applies to all asset classes, including digital assets, and is aimed at non-U.S. entities legally organized and operating abroad. The framework governs how these exchanges can register to serve U.S. customers. “Today’s FBOT advisory provides the regulatory clarity needed to legally onshore trading activity that was driven out of the United ... (full story)