Connect to the trading system
Access IDSX trading infrastructure after completing certification.
MARKET PARTICIPANTS
Trading Participant
Connecting global liquidity for a transparent, efficient market
Trading Participants are members of the IDSX market. By connecting to the trading system, they provide execution, clearing and settlement services that contribute to market liquidity and depth.
What is a Trading Participant?
A Trading Participant is an organization recognized by IDSX that connects to its trading system and takes part in market activity. Participants may trade as principal or execute orders for clients, subject to applicable requirements.
Serve clients
Provide trade execution services to institutional or individual clients.
Support market liquidity
Contribute depth through ongoing quotes and order flow.
Manage risk and compliance
Follow IDSX rules and maintain effective controls.
Permitted activities
Subject to their permissions and business model, Trading Participants may conduct:
Agency trading
Execute securities transactions for clients.
Principal trading
Trade securities using the firm’s own capital.
Market making (optional)
Provide quotes where approved to support market liquidity.
Additional services
Offer research, advisory or related services as permitted.
Eligibility criteria
An organization seeking IDSX Trading Participant status should meet these baseline requirements:
- Be a duly constituted entity with a sound business reputation
- Have experience in securities trading, brokerage or related financial services
- Maintain effective compliance, risk management and internal controls
- Have technology systems and operational capacity suited to its business
- Meet Fit and Proper requirements for senior and relevant personnel
- Maintain professional indemnity insurance as required by IDSX
- Agree to comply with IDSX rules and ongoing supervision
Application process
The application process typically follows these steps:
- 1
Review the criteria
Read the Trading Participant rules and confirm the requirements.
- 2
Submit an application
Complete the application form and provide supporting information.
- 3
Qualification review
IDSX assesses credentials, personnel, experience, systems and controls.
- 4
Interview / follow-up
Further information or an interview may be requested.
- 5
Approval
Successful applicants receive Trading Participant status.
- 6
System connection
Complete technical onboarding and begin participating in the market.
Documents & guidance
View all →Frequently asked questions
View all →How is a Trading Participant different from a Market Maker?
Trading Participants may trade or execute client orders. A Market Maker takes on specific quoting obligations after approval.
Do applicants need a local financial license?
Applicants must hold licenses or permissions required by the laws applicable to their activities and jurisdictions.
How long does an application take?
Timing depends on the completeness of the application, system review and the applicant’s circumstances.
Can an overseas organization apply?
Overseas organizations may apply subject to applicable requirements and supporting registration and regulatory information.
What technical requirements apply?
Applicants must complete IDSX technical certification and connection testing. See the technical guide for details.
Become a IDSX Trading Participant
Join us in building a more open, efficient and trusted capital market.