11.14.2022

LedgerX Withdraws Clearing Application

11.14.2022
LedgerX Withdraws Clearing Application

On Friday, November 11, 2022, counsel for LedgerX LLC, d/b/a FTX US Derivatives (FTX), submitted to the Commodity Futures Trading Commission’s Division of Clearing and Risk a formal withdrawal of FTX’s request, originally submitted on December 6, 2021, to amend FTX’s Amended Order of Registration as a derivatives clearing organization to allow FTX to offer products that are not fully collateralized.

https://twitter.com/CFTC/status/1592171877568581632

The application was not approved.

Source: CFTC

https://twitter.com/zachdex/status/1592166802465107968

https://twitter.com/zachdex/status/1590507177055498240

https://twitter.com/zachdex/status/1590717536798400513

https://twitter.com/zachdex/status/1591074491387547648

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