U.S. CFTC ISSUES NO-ACTION POSITION TO PROVIDERS OF PASSIVE SOFTWARE"THE LETTER STATES...

U.S. CFTC ISSUES NO-ACTION POSITION TO PROVIDERS OF PASSIVE SOFTWARE"THE LETTER STATES THAT, SUBJECT TO CERTAIN SPECIFIED CONDITIONS, MPD WILL NOT RECOMMEND THE COMMISSION TAKE ENFORCEMENT ACTION AGAINST ANY SUCH PROVIDER OR THEIR RELEVANT PERSONNEL FOR FAILURE TO REGISTER AS AN INTRODUCING BROKER OR ASSOCIATED PERSON OF AN INTRODUCING BROKER""THIS APPLIES SOLELY IN RELATION TO THEIR PROVISION AND MARKETING OF SOFTWARE TO FACILITATE TRADING BY THE PROVIDER’S USERS WITH REGISTERED FUTURES COMMISSION MERCHANTS, INTRODUCING BROKERS, AND DESIGNATED CONTRACT MARKETS"