TechFlow News - On March 17, the U.S. Commodity Futures Trading Commission (CFTC) Division of Market Participants (MPD) announced that it has issued a no-action letter regarding Phantom Technologies Inc.'s application, exempting it from broker registration requirements under certain conditions.



The letter concerns software services that Phantom intends to provide to users, designed to facilitate trading between users and registered futures commission merchants, introducing brokers, and designated contract markets. According to the letter, the MPD will not recommend that the CFTC take enforcement action against Phantom or its related persons for failing to register as an introducing broker or associated person of an introducing broker.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin