17 C.F.R. · Commodity and Securities Exchanges
17 C.F.R. § 38.607

Direct access.

Title 17 C.F.R. ● ACTIVE Primary Source
Regulatory Text

17 C.F.R. § 38.607 — Direct access.

§ 38.607 Direct access. A designated contract market that permits direct electronic access by customers ( i.e. , allowing customers of futures commission merchants to enter orders directly into a designated contract market's trade matching system for execution) must have in place effective systems and controls reasonably designed to facilitate the FCM's management of financial risk, such as automated pre-trade controls that enable member futures commission merchants to implement appropriate financial risk limits. A designated contract market must implement and enforce rules requiring the member futures commission merchants to use the provided systems and controls.

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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BS-CFR17-SEC-440C2F
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17 C.F.R. § 38.607
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The regulatory text of 17 C.F.R. § 38.607 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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boisestandard.org United States Law CFR Title 17 17 C.F.R. § 38.607