CFTC Staff Grants Reporting Relief For Certain Binary Options - Finance and Banking
To print this article, all you need is to be registered or login on Mondaq.com. The CFTC Division of Data, Division of Market Oversight and Division of Clearing and Risk (collectively, the "Divisions") granted conditional no-action relief from certain swap reporting and recordkeeping requirements for fully collateralized "binary options" transactions executed by KalshiEX LLC ("Kalshi"), a designated contract market, and cleared by LedgerX, LLC ("LedgerX"), a derivatives clearing organization. (A "binary option" is an option on an event in which the purchaser of the o...
Source: mondaq.com