{"data":{"id":"us/17-cfr-38.607","jurisdiction":"us","citation":"17 CFR 38.607","heading":"Direct access.","body":"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.","path":["Title 17—Commodity and Securities Exchanges","CHAPTER I—COMMODITY FUTURES TRADING COMMISSION","PART 38—DESIGNATED CONTRACT MARKETS","Subpart L—Financial Integrity of Transactions"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-17.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:31Z","sha256":"018643fd0d4a49b194e200b7bc028309e36702fb3816c7eb4098436f4a85eeb1","source_id":"us-cfr","stale":true,"prev":"us/17-cfr-38.606","next":"us/17-cfr-38.650"},"notice":"GroundRules: Original legal text. Not legal advice."}