UNITED STATES OF AMERICA
Before the

COMMODITY FUTURES TRADING COMMISSION

In the Matter of the Application of Euronext Amsterdam N.V.
for Registration pursuant to Section 4(b)(1) of the Commodity
Exchange Act and Part 48 of the Regulations of the
Commodity Futures Trading Commission in order to permit
direct access to its order entry and trade matching system

ORDER OF REGISTRATION

Pursuant to Section 4(b)(1) of the Commodity Exchange Act (the Act), 7 U.S.C.
§ 6(b)(1), and Part 48 of the Commission’s regulations, Euronext Amsterdam N.V.
(Euronext Amsterdam), a regulated market licensed by the Dutch Ministry of Finance
and supervised by the Netherlands Authority for the Financial Markets (AFM), submitted
an application dated August 17, 2012 and including supplemental submissions filed
through July 16, 2018 (the Application), requesting registration in order to permit
identified members and other participants located in the United States to enter trades
directly into its order entry and trade matching system.

The Commission has reviewed the Application along with the exhibits,
supplemental documents, and other supporting information and representations, and finds
that Euronext Amsterdam has demonstrated its ability to comply with the requirements of
the Act and applicable Commission regulations thereunder, including the requirements

for registration as set forth in Part 48 of the Commission’s regulations.


In light of the foregoing, IT IS ORDERED, pursuant to Section 4(b)(1) of the
Act, 7 U.S.C. § 6(b)(1), that Euronext Amsterdam is granted an Order of Registration to
permit direct access, as that term is defined in Section 4(b)(1)(A) of the Act, subject to
the terms and conditions specified herein:

(1) Compliance with the Act and Commission Regulations. Euronext

Amsterdam shall comply, and shall demonstrate compliance as requested by the
Commission, with all sections of the Act and the Commission’s regulations thereunder
applicable to Euronext Amsterdam as a foreign board of trade registered pursuant to Part
48 of the Commission’s regulations, as may be amended or adopted from time to time.
Euronext Amsterdam shall comply with the applicable conditions of registration specified
in Commission regulation 48.8 and any additional conditions that the Commission deems
necessary and may impose, in its discretion, after appropriate notice and opportunity to
respond. Euronext Amsterdam shall fulfill each of the representations it has made in
support of the Application for registration.

(2) New Regulations. Should the Commission promulgate a regulation
addressing or otherwise affecting any aspect of this Order, then such regulation will apply
and supersede the applicable terms in this Order.

(3) Reservation of Rights. This Order is based upon the representations made
and supporting material provided to the Commission by Euronext Amsterdam as part of
the Application. In the event of any changes to or omissions in the material facts or
circumstances pursuant to which this Order is issued, or any material changes in the
applicable regulatory regimes, including developments relating to international comity, or

for any reason in its own discretion and after appropriate notice and opportunity to


respond, the Commission may condition, modify, suspend, terminate, or otherwise
restrict the terms of this Order, as appropriate and as permitted by law, on its own
motion.
Issued in Washington, D.C., this sf day of November, 2019.
By the Commission
Tift | Rha

Christopher J. Mirkpatrick
Secretary of the Commission