FTX.US Derivatives Unit Seeks CFTC Amendment to Clear Margin Trades Directly for Customers

In a tweet thread on Thursday morning, FTX president Brett Harrison explained that FTX U.S. Derivatives’ current derivatives clearing organization (DCO) license requires full collateralization of derivative positions through an intermediary. FTX’s application seeks to amend this to allow for direct-to-consumer margin, both for retail and institutional customers.

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