Market Access & Membership
OPEN ACCESS. INSTITUTIONAL STANDARDS.
A new market needs clear participation rules, clear onboarding and clear technical access — without implying that membership is already live.
Who Can Participate
Different institutions require different access paths.
Eligible participants may include broker-dealers and FCMs, insurers and reinsurers, asset managers, banks and other qualified market participants, subject to final rules and approvals.
The membership journey is designed around application → review → approval → integration → go-live, with legal, compliance, financial and technical readiness assessed before access is enabled.
Conceptual access framework. No current membership availability, approval or live market access is implied.
Access Architecture
Trading, clearing, liquidity and data are different doors into the same market.
Trading Access
Execution through approved market-access channels.
Clearing Access
Clearing-member or client arrangements under final rules.
Liquidity Providers
Market-making participation and liquidity programs.
Data & Licensing
Benchmark, market-data and analytical access.