Release Number 9272-26

CFTC Staff Issues No-Action Position on Designated Contract Market Procedures

July 24, 2026

WASHINGTON — The Commodity Futures Trading Commission’s Division of Market Oversight today announced it has issued a no-action letter to Kraken Derivatives Exchange Inc., formerly Small Exchange Inc., a designated contract market, which addresses certain procedures related to dormancy.

The no-action position is time-limited and subject to the terms and conditions in the division’s no-action letter.

This position is in response to a request from Kraken Derivatives Exchange Inc. to extend the no-action position granted to KDE in CFTC Letter No. 25-46.

-CFTC-