CFTC Prolongs Public Comment Period on FTX Request for Amended DCO Registration Order

The Commodity Futures Trading Commission is extending the deadline for the public comment period on a request from LedgerX, LLC d.b.a. FTX US Derivatives (FTX) to amend its order of registration as a derivatives clearing organization (DCO).

Fazzaco Live Webinar on 7th April: Nahum Greenberg Talks About MarksMan Liquidity Hub​

FTX currently offers clearing of futures and options on futures contracts on a fully collateralized basis directly to retail participants (non-intermediated model). In its request for an amended order of registration, FTX proposes to clear margined products for retail participants while continuing with a non-intermediated model. 

On March 10, 2022, the CFTC announced that it is seeking public comment on FTX's request, on both specific questions as well as policy issues raised by use of a non-intermediated model in this manner. The CFTC is extending the deadline by which comments must be received by 30 days, such that comments should now be submitted on or before May 11, 2022.