The CFTC is giving passive software developers more room to build for regulated derivatives, including crypto markets. Qualifying providers can connect users to registered trading venues without broker registration.
The relief applies to software acting as a passive interface, not a trading intermediary. Providers cannot exercise discretion over users’ orders or generate explicit buy and sell signals.
The relief applies to software acting as a passive interface, not a trading intermediary. Providers cannot exercise discretion over users’ orders or generate explicit buy and sell signals.
