Inet Futures Exchange Granted to Vacate DCM Designation by CFTC

The Commodity Futures Trading Commission (CFTC) announced that it has issued an order vacating the designated contract market (DCM) designation of Inet Futures Exchange, LLC. The order was issued at the request of Inet Futures Exchange.

DCMs are boards of trade (or exchanges) that operate under the regulatory oversight of the CFTC, pursuant to Section 5 of the Commodity Exchange Act (CEA). DCMs are most like traditional futures exchanges, which may allow access to their facilities by all types of traders, including retail customers. DCMs may list for trading futures or option contracts based on any underlying commodity, index or instrument.

The CFTC granted Inet designation as a DCM on February 19, 2002. Inet never initiated or commenced any trading on its platform. The Commodity Exchange Act and CFTC regulations state that a DCM may request that its designation be vacated by filing a request with the CFTC at least 90 days prior to the requested date of vacation. Per Inet's request, the order vacates Inet's designation effective February 16, 2022.

With the vacation of Inet's designation as a DCM there are 16 DCMs registered with the CFTC.