CFTC Frees Non-Custodial Software Developers From Broker Rules

The Commodity Futures Trading Commission ’s Market Participants Division issued a staff letter declaring a no-action position for the benefit of providers of passive software , the agency said in a Thursday (Sept. “The letter states that, subject to certain specified conditions, MPD will not recommend the commission take enforcement action against any such provider or their relevant personnel for failure to register as an introducing broker or associated person of an introduci