On June 21, the Commodity Futures Trading Commission announced that it issued an Order of Registration to the Dubai Mercantile Exchange (DME), a Foreign Board of Trade located in the Dubai International Financial Centre. The Order of Registration allows the DME to provide direct access to its electronic order entry and trade matching system to its members and other participants located in the United States. The DME previously offered direct access to US participants pursuant to CFTC No-Action Letter 07-06, which was automatically withdrawn upon the issuance of the DME’s Order of Registration.

The CFTC has issued 17 Orders of Registration since May 2013, inclusive of the DME’s Order of Registration.

The CFTC’s press release is available here.