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
