Operation Guide: How do institutions and retail investors open accounts on EDX?

On June 20, EDX Markets, a new cryptocurrency trading platform backed by Citadel Securities, Fidelity Investments and Charles Schwab, has begun executing transactions in recent weeks and is expected to announce its launch later Tuesday local time. As the new generation of "encryption darling" endorsed by Wall Street giants, EDX has become the object that many encryption institutions must pay attention to.

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1. Fill out the application form

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EDX Application Checklist

This application needs to be completed in order to qualify as an EDX Retail Member Organization and trade. "Retail Order" means an order originating from individual demand and submitted by RMO to EDX Markets, provided that the terms of the order do not change in terms of price or market, and the order is not derived from a trading algorithm or any other computerized method, except that RMO may Algorithms are used to facilitate the routing of orders to exchanges (“smart order routers”). For purposes of this application, the term "individual" refers to orders generated based on requests made by humans, rather than orders generated by computer algorithms.

Personal orders may include orders representing accounts held in a corporate legal form, such as an individual retirement account, corporation, or limited liability company formed for the benefit of an individual or group of related family members, provided the order is from an individual.

If the RMO uses an algorithm or smart order router to determine the routing of an existing retail order to the trading platform, the order is acceptable and not considered a trading algorithm derived from the company's algorithm, provided that the RMO ensures that the retail order complies with the Ground Rules requirements, Include the terms that the algorithm does not change the order relative to the price or market side. Additionally, provisions preventing changes to the terms of an order (eg, price or aspect) should not disrupt a better execution experience for RMO retail investors.

The basic information that needs to be filled in for retail organization applications.

In the first step, the applicants need to fill in and review the following materials:

1.《EDX Membership Application Form》

2.《Retail membership application form》

3.《Consent to EDX User Rules》

4.《EDXM User Due Diligence Summary》

5.《EDX Markets Participant Due Diligence Questionnaire》

6.《UBO and CP requirements》

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8.《Go to Fee Schedule》

2. Conduct initial Onboard meeting

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3. Technology Onboard

During the technical onboarding session, the applicant company will be introduced to the EDX technical onboarding team, who will guide the applicant through the connection and certification process. EDX will provide a dedicated person to discuss networking, API, functionality and operational issues.

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4. Prepare to trade

After completing the above three steps, the EDX technical team will coordinate the conformance testing of the applicant's trading application and guide the applicant to set up a session in the membership portal. The EDX team will continue to work with applicants to access all membership reports.

After passing and completing the above process, you can place an order on EDX Markets to trade according to your own needs!