The CFTC proposed amendments to allow foreign trade boards ("FBOTs") to offer direct trading access to U.S.-based introducing broker participants and to establish a process for FBOTs to request revocation of their registration.
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The CFTC approved the application of IMX Health as a designated contract market. In its application, IMX Health stated that it will be the first financial futures exchange for the health care industry.
FINRA adopted a short-form application process for SEC-registered non-FINRA member firms that must become FINRA members under recently amended rules.
FINRA proposed rule amendments for broker-dealers to establish a short-form membership application process and partial fee waiver for certain firms applying for FINRA membership. The proposal follows recent SEC rule changes that require firms that trade only on exchanges to become members of FINRA.
The SEC set an effective date of November 6, 2023 and compliance date of September 6, 2024 for final amendments to narrow the scope of broker-dealer exemptions from FINRA membership. The final amendments were published in the Federal Register.