On June 30, the Commodity Futures Trading Commission’s Division of Market Oversight and Division of Clearing and Risk (Divisions) provided conditional no-action relief to Cantor Futures Exchange, L.P. (CX), Cantor Clearinghouse, L.P. (CC), and the North American Derivatives Exchange, Inc. (Nadex) from reporting certain information to a swap data repository (SDR), subject to certain conditions. Specifically, CX, CC and its participants are not required to report to an SDR data associated with binary option transactions executed on or subject to the rules of CX and cleared by CC. Similarly, Nadex and its participants are not required to report to an SDR data with respect to binary options and spread contracts traded on or pursuant to the rules of, and cleared by, Nadex. The no-action relief also exempts CX, CC and Nadex from retaining records related to such transactions required by Part 45 of the CFTC’s regulations.

The Divisions provided their relief in two separate letters. The CFTC Staff Letter 17-31 is available here. The CFTC Staff Letter 17-32 is available here.