Title: 10-05


CSL Letter Types

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Description

The Division of Clearing and Intermediary Oversight (Division) denied a request for relief from the requirement that an introducing broker (IB) provide specific customer account identifiers to the IB’s clearing futures commission merchant at or prior to the time of order entry. The Division found insufficient as grounds for the requested relief the requester’s assertion that compliance with the requirement would result in price “slippage” and poor customer order fills.