Requirements

EXEMPT COMMERCIAL MARKETS

All users must qualify as an "exempt commercial entity"

OTC Brokers

  • All OTC Brokers must be registered with either ICE and/or NYMEX Clearport
  • Customers to be brokered must be "Eligible Commercial Entities"
  • Permission Flett Exchange LLC to clear the trades through NYMEX Clearport or ICE
  • Provide Flett Exchange with all pertinent customer information to confirm deals
  • Sign the Flett Exchange User Agreement for Exempt Commercial Markets

Market-Makers

  • All Market-Makers must be "Eligible Commercial Entities"
  • Designate one or more OTC brokers. These brokers will receive commission for all trades performed on Flett Exchange
  • Permission OTC brokers to place orders on the Flett Exchange platform on their behalf (if they choose to do so)
  • Permission Flett Exchange LLC to process trades on their behalf with NYMEX Clearport or ICE systems
  • Provide Flett Exchange with pertinent information for clearing purposes
  • Sign the Flett Exchange User Agreement for Exempt Commercial Markets

Customers

  • All Customers must be "Eligible Commercial Entities"
  • Permission OTC brokers to place orders on their behalf on the Flett Exchange platform (if they choose to do so)
  • Designate one or more OTC brokers. These brokers will receive commission for all trades done on the system
  • Permission Flett Exchange LLC to process trades with NYMEX Clearport or ICE
  • Sign the Flett Exchange User agreement for Exempt Commercial Markets