The CFTC has granted conditional broker-registration relief to passive software providers under a no-action position that sets 10 requirements for developers offering tools connected to regulated derivatives trading.
Summary
- CFTC staff will not recommend enforcement against qualifying passive software providers over certain registration failures.
- The relief applies when software connects users with registered derivatives exchanges, brokers and futures commission merchants.
- Providers must meet 10 conditions, including filing a notice and accepting the CFTC’s enforcement jurisdiction.
- The decision follows separate SEC relief covering eligible tokenized stock trading venues…
