CFTC Extends Phantom Relief to Passive Software Providers
The position opens a compliant path to broader derivatives access while keeping custody, trading signals and execution discretion outside the software layer.
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The position opens a compliant path to broader derivatives access while keeping custody, trading signals and execution discretion outside the software layer.
The relief carves out recordkeeping and reporting requirements for DCMs, DCOs, and market participants — and a new streamlined pathway signals the agency wants more event-contract products in the…