Sporttrade applies with the CFTC to become a registered exchange

Philadelphia-based financial technology company Sporttrade have recently announced that they will apply for federal exchange and clearing registration, according to a press release on Wednesday.

The company have announced submission of Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) applications with the Commodities Futures Trading Commission (CFTC).

“Today marks the opening of an incredibly exciting chapter of the Sporttrade journey, one that facilitates...