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CFTC and Financial Services Agency of Japan Issue Joint Statement on Comparability of Derivatives Trading Venues

The Commodity Futures Trading Commission and the Financial Services Agency of Japan (JFSA) have issued a joint statement on the comparability of certain derivatives trading venues in the United States and Japan.

More specifically, the CFTC has issued an order that exempts electronic trading platforms (ETP) authorized by the JFSA from the requirement to register as a swap execution facility. Likewise, the JFSA has announced that it will facilitate the authorization process of foreign ETP operators for CFTC-registered derivatives platforms.

More information is available here.


©2020 Katten Muchin Rosenman LLPNational Law Review, Volume IX, Number 193


About this Author

Kevin M. Foley, Finance Lawyer, Katten Llaw Firm

Kevin M. Foley has extensive experience in commodities law and advises a wide range of clients, both in the United States and abroad, on compliance with the Commodity Exchange Act and the rules of the Commodity Futures Trading Commission (CFTC) affecting traditional exchange-traded products, as well as the over-the-counter markets involving swaps and other derivative instruments. His clients include futures commission merchants, derivatives clearing organizations, designated contract markets, foreign boards of trade and an industry trade association.


James M. Brady, Katten Muchin Law Firm, Finance Attorney

James Brady concentrates his practice in financial services matters.

While in law school, James was an editor of the Michigan Journal of International Law. He also served as a judicial intern to the Honorable Stephen J. Markman of the Michigan Supreme Court.