We welcome the CFTC's approval for BMD to be registered as a FBOT
," said Phupinder Gill, Chief Executive Officer of CME Group, which owns 25% of BMD.
approval endorses SGX as an established and well-regulated derivatives exchange subject to continued oversight by the local regulator, Monetary Authority of Singapore, which provides comprehensive supervision and regulation comparable to the CFTC s practices and standards.
Liverpool council cabinet member for regeneration Cllr Malcolm Kennedy said: "The issue is more about FBOTs
than bookies shops per se.
But while the firm said it believes there is room for changes to planning laws to allow councils to limit the number of bookies in a particular area, they didn't accept the argument that FBOTs
are a cause of gambling addiction.
But while William Hill has said it believes there is room for changes to planning laws to allow councils to limit the number of bookies in a particular area, they did not accept the argument that FBOTs
- the so-called "crack cocaine of gambling" - are a cause of gambling addiction.