CFTC Issues No Action Relief for DCO During Trading Platform Shift

The CFTC Division of Market Oversight ("DMO") issued no-action relief to allow a designated contract market to temporarily offer trading in wheat options exclusively through block trades as it transitions to a new trading platform. (See previous coverage.)

The DMO stated that the relief was warranted "to provide participants in the HRSW Options market with a means to trade out of or offset their open positions in the September 2025 and December 2025 expirations when electronic trading is no longer available." The DMO said that the temporary relief will be in effect from June 30 through August 29, 2025. The CFTC said the measure is intended to minimize market disruption and allow participants time to manage or unwind their positions.