The CFTC has issued a no-action letter to Electron Exchange DCM LLC, allowing the exchange to submit large trader reporting on behalf of direct participants as if Electron Exchange’s contracts were self-cleared.
Why it matters. This change affects the reporting requirements for direct participants in Electron Exchange’s contracts, potentially simplifying compliance for market participants.
WASHINGTON — The Commodity Futures Trading Commission’s Division of Market Oversight today announced it has issued a no-action letter to Electron Exchange DCM LLC, a designated contract market, which would allow Electron Exchange to submit large trader reporting on behalf of direct participants as if Electron
WASHINGTON — The Commodity Futures Trading Commission’s Division of Market Oversight today announced it has issued a no-action letter to Electron Exchange DCM LLC, a designated contract market, which would allow Electron Exchange to submit large trader reporting on behalf of direct participants as if Electron Exchange’s contracts were exclusively self-cleared contracts.
