The U.S. Commodity Futures Trading Commission (CFTC) issued a no-action letter, allowing software providers to connect users to regulated derivatives markets.
The CFTC issued a no-action letter on Friday, allowing certain software providers to connect users to regulated derivatives markets without registering as introducing brokers. The letter covers passive software that enables users to view markets and submit orders directly to registered firms via crypto wallets. Providers can promote specific contracts and charge transaction fees, but they are prohibited from holding customer assets, generating buy/sell signals, or controlling order routing and execution.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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