TechFlow news — On March 24, the U.S. Commodity Futures Trading Commission (CFTC) extended the public comment period deadline to April 11 at the request of FTX US. Previously, the CFTC announced on its website that it had received a formal petition from FTX US Derivatives seeking to amend its registration order as a derivatives clearing organization (DCO) to allow modifications to its existing non-intermediated model. The proposed amendment aims to enable direct clearing of margin products for participants, meaning participants would not clear through futures commission merchants (FCMs).
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