The U.S. Commodity Futures Trading Commission is looking abroad for ways to enhance innovation in the financial technology sector domestically.

The CFTC announced a landmark partnership Monday with the Financial Conduct Authority, one of the U.K.’s main financial regulators. The two agencies signed a cooperative arrangement that “commits the regulators to collaborating and supporting innovative firms through each other’s financial technology initiatives—LabCFTC and FCA Innovate.”

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