CFE Approved Foreign Jurisdictions

CFE Rule 305B

CFE Rule 305B provides that each TPH shall be organized under the laws of, and is solely responsible for ensuring that the location of any Cboe Workstation is in, the United States or a foreign jurisdiction expressly approved by CFE. Pursuant to CFE Rules 115 and 116, a Cboe Workstation is any computer connected directly to the Cboe System for trading purposes. The Cboe System includes CFE's trading system as well as a communications hub administered by or on behalf of CFE in a foreign jurisdiction.

Therefore, each TPH must be organized under U.S. law or the laws of a foreign jurisdiction approved by CFE and any TPH computer not in the U.S. which is directly connected to the Cboe System for trading purposes must be located in a foreign jurisdiction approved by CFE. This CFE requirement is not intended to restrict a TPH branch that is located in a non-approved jurisdiction from sending an order to a TPH branch in an approved jurisdiction for submission to CFE.[1]

CFE Approved Foreign Jurisdictions

The following is a list of foreign jurisdictions approved by CFE:

  • Alberta*[2]
  • British Virgin Islands
  • Cayman Islands
  • Croatia
  • Czech Republic*
  • Gibraltar
  • Hong Kong*
  • Indonesia
  • Ireland
  • Isle of Jersey
  • Israel*
  • Korea*
  • Luxembourg
  • Malaysia* [4]
  • Mauritius*
  • Netherlands
  • Poland
  • Russia*
  • Singapore*
  • Spain
  • Switzerland*
  • Taiwan*[3]
  • United Arab Emirates
  • United Kingdom

[FN1] CFE reminds TPHs that the submission of orders from foreign jurisdictions must comply with all applicable legal and regulatory requirements.

[FN2] Canada's approval process is by province. Other Canadian provinces are not currently CFE approved foreign jurisdictions.

[FN3] Taiwanese TPHs may only enter orders and execute transactions on CFE in VX futures and not in any other CFE products.

[FN4] Prospective Malaysian TPHs must initiate contact with CFE in order to apply to become a CFE TPH.

* An additional form is required to become a CFE TPH in this jurisdiction.