23 October 2014

CFTC extends deadline for pre-trade screening compliance

27 September 2012  |  1040 views  |  0 Source: Commodity Futures Trading Commission

The Commodity Futures Trading Commission's (CFTC) Division of Clearing and Risk (DCR) today announced an extension of time for compliance in order to provide additional time for market participants to coordinate on the communication of limits for give-ups and bunched orders for futures and swaps.

This extension of time is intended to provide sufficient time to transition to fully compliant pre-trade screening no later than June 1, 2013.

Additionally, DCR also announced the issuance of an extension of time for compliance from pre-trade screening requirements for those transactions executed on DCMs that do not have a system permitting FCMs to set pre-execution limits, until the earlier of the date on which the DCM implements such a system, or June 1, 2013. 

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