The Commodity Futures Trading Commission’s Division of Market Oversight issued no-action relief allowing Electron Exchange DCM LLC to continue submitting large trader position and ownership and control reports on behalf of direct participants after introducing futures commission merchant intermediation. The relief effectively applies the reporting approach for exclusively self-cleared contracts to ElectronX’s direct participants, even though its fully collateralized electricity and power futures will be traded by a mix of direct and intermediated participants. ElectronX must submit Part 17 reports on behalf of direct participants and collect the information needed to do so. It remains subject to Regulation 16.00 reporting for futures commission merchant clearing members carrying accounts for non-direct participants, while direct participants retain their Part 18 reporting responsibilities. The relief will expire on the compliance date of any final Commodity Futures Trading Commission action on the matter.
2026-09-02Commodity Futures Trading Commission
US Commodity Futures Trading Commission grants ElectronX no-action relief for direct participant reporting
The Commodity Futures Trading Commission granted no-action relief allowing ElectronX to file large trader reports for direct participants after it introduces intermediated trading. ElectronX must continue reporting for those participants and file clearing member reports for futures commission merchants serving non-direct participants. The relief expires upon the compliance date of any final commission action on the matter.