CFTC Seeks to Update Rules for Evolving Derivatives Market, Addressing Regulatory Gaps for Firms Like LedgerX
-
CFTC proposes new rules to enhance customer fund protections for FCMs and DCOs, requiring highly liquid investments.
-
LedgerX operates differently as a DCO with direct client access, not using FCM intermediaries.
-
CFTC Commissioner highlights regulatory gap for companies like LedgerX with direct client models.
-
LedgerX has obtained CFTC registrations but rules don't account for direct client models.
-
CFTC has 75-day public comment period to address gaps and align rules with evolving derivatives market.