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Approved Participants
(redirected from approved participant)

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Approved Participants
Institutional investors who are allowed direct access to an exchange's trading environment. Approved participant status usually affords trade execution cost savings and the right to install trading terminals in client offices.

Notes:
Eligibility of approved participants is determined by specific criteria outlined by the respective exchange. For example, the Boston Options Exchange requires a potential approved participant to be a U.S.-based entity, a member of a designated options examining authority and have a minimum $200,000 in net equity.
Approved participants are able to take part in prearranged transactions (trades where the two parties agree on the transaction's terms prior to placing orders in the electronic trading system) such as block trades.


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In March of 2003 CBID Markets was approved by the Ontario Securities Commission as a Futures Commodity Merchant and by the Montreal Exchange as an Approved Participant giving it regulatory approval to trade in the futures markets.
Approved Participant Delivering Internet Voice Communications
The first approved participant in the program is Grand Central Re Limited, Bermuda.
 
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