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According to Bloomberg, FTX had previously filed application with the Commodity Futures Trading Commission (CFTC) to allow its derivatives exchange to trade directly with investors using margin generated via algorithms rather than traditional financial intermediaries such as brokers. The plan was for margin levels to be computed by FTX every 10 seconds at all hours of the day, rather than the traditional practice of computing them once daily and only on regular trading days. Under-collateralized positions would be liquidated automatically. From Fidelity Investments to Fortress Investment Group, Susquehanna International Group and Virtu Financial, from faculty members at Georgetown, the University of Chicago, William & Mary and Stanford, from the Jones Day law firm and the Heritage Foundation think tank, hundreds of letters in support of FTX’s plan landed with the CFTC earlier this year.

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【Bloomberg: Fidelity Investments and others have written to the CFTC to support the FTX derivatives trading plan】According to Bloomberg, FTX had previously filed application with the Commodity Futures Trading Commission (CFTC) to allow its derivatives exchange to trade directly with investors using margin generated via algorithms rather than traditional financial intermediaries such as brokers. The plan was for margin levels to be computed by FTX every 10 seconds at all hours of the day, rather than the traditional practice of computing them once daily and only on regular trading days. Under-collateralized positions would be liquidated automatically. From Fidelity Investments to Fortress Investment Group, Susquehanna International Group and Virtu Financial, from faculty members at Georgetown, the University of Chicago, William & Mary and Stanford, from the Jones Day law firm and the Heritage Foundation think tank, hundreds of letters in support of FTX’s plan landed with the CFTC earlier this year.

Bloomberg: Fidelity Investments and others have written to the CFTC to support the FTX derivatives trading plan

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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