Sporttrade Receives CFTC Approval as Designated Contract Market and Derivatives Clearing Organization
Sporttrade has officially received registration from the U.S. Commodity Futures Trading Commission (CFTC) to operate as both a Designated Contract Market (DCM) and a Derivatives Clearing Organization (DCO). This dual designation allows the company to function as both an exchange and a clearing venue, supporting various market participants including Futures Commission Merchants (FCMs), Introducing Brokers (IBs), and Independent Software Vendors (ISVs). The platform aims to apply traditional financial market structures to sports event contracts, focusing on providing tight spreads, real-time execution, and deep liquidity. Sporttrade is currently onboarding national brokers, such as Fliff, to route customer order flow to its exchange upon final regulatory approval for launch.
Topics: CFTC registration Derivatives Clearing Organization Designated Contract Market Market infrastructure Sports betting technology
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