CFTC Announces Reporting Relief for Certain Binary Option Transactions

[kreslik.news]

The US commodity regulator today provided no-action relief to its authorised binary options exchanges, Cantor Futures Exchange and North American Derivatives Exchange (Nadex), from reporting their transactions data to swap data repositories. The no-action relief also exempts Cantor and Nadex from retaining most related records.

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The CFTC said that both binary options operators must continue to publish transaction and position information on their websites promptly after execution.

The conditional no-action relief applies to binary options and spread contracts accepted for clearing by the exchanges’ respective clearing subsidiaries, provided that ... (read more)