Participant Firm definition

Participant Firm means a person that is authorized under a Participant Firm Agreement (the “Participant Firm Agreement”) to have access to the Exchange (e.g., a customer of a Clearing Firm enters orders directly into the Exchange’s trade matching system for execution through the use of a user identification in the Participant Firm’s name). A Participant Firm may trade for its own proprietary account. In certain cases, a Participant Firm may trade for an account on behalf of its Customer. A Participant Firm may also trade on behalf of a Customer with an account at a Clearing Firm other than the Participant Firm’s Clearing Firm acting as a broker or performing an equivalent agency function. The Clearing Firm is responsible for approving Participant Firms for such Customers pursuant to the applicable form to the Clearing Firm Agreement. The term “Participant Firm” collectively refers to all Participants and Authorized Traders of a Participant Firm authorized to utilize the Exchange.

Participant Firm means an entity that has been approved by the MarketAxess SEF in accordance with Rule 302, is authorized to access the MarketAxess SEF through the applicable user ID and is an ECP as defined in Section 1a(18) of the CEA. A Participant Firm may trade for its own Proprietary Account. A Participant Firm may trade for an account on behalf of its Customer in accordance with the Rules. The term “Participant Firm” collectively refers to all Participants and Authorized Traders of a Participant Firm authorized to utilize the MarketAxess SEF.

Participant Firm means a person that is authorized under a Participant Firm Agreement (the “Participant Firm Agreement”) to have access to the Exchange (e.g., a customer of a Clearing

Examples of Participant Firm in a sentence

• Once admitted, the Participant Firm shall continue to comply with all applicable eligibility criteria in Rule 301(a).

• Such Affected Person may, within seven (7) calendar days following receipt of such writing, request in writing that the MarketAxess SEF provide the reasons for the denial, conditioning or termination of Participant Firm status.

• A Participant Firm must have entered into a MarketAxess SEF User License Agreement in order to access the MarketAxess SEF.

• Trading Privileges of a Participant Firm (a) A Participant must execute such Participant Documentation as required from time to time by the MarketAxess SEF, and such Participant Documentation must remain in effect for the Participant to maintain its Trading Privileges.

• Within twenty-eight (28) calendar days of receiving either the request for reconsideration, the Exchange Participant Committee shall either confirm, reverse or modify the denial, conditioning or termination of the Affected Person as a Participant Firm, and shall promptly notify the Affected Person accordingly in writing.

• If the Exchange decides to decline or condition an application for admission as a Participant Firm, or terminate a Person’s status as a Participant Firm, the Exchange shall promptly notify such Person (the “Affected Person”) thereof in a writing sent to the address provided by the applicant in the Exchange application form or maintained in the Exchange registry of Participant Firms.

• Such Affected Person may, within seven (7) calendar days, request in writing that the Exchange provide the reasons for the denial, conditioning or termination of Participant Firm status.

• Any such documents must be provided to the Exchange upon request, and it shall be the responsibility of the submitting Participant Firm to provide such requested documentation on a timely basis.

• Each Participant Firm must establish a clearing relationship with a Clearing Firm and shall immediately notify the Exchange if it ceases to be a clearing customer of such Clearing Firm.

• If the MarketAxess SEF decides to decline or condition an application for admission as a Participant Firm, or terminate a Person’s status as a Participant Firm, the MarketAxess SEF shall promptly notify such Person (the “ Affected Person”) thereof in a writing sent to the address provided by the applicant in the MarketAxess SEF application form or maintained in the MarketAxess SEF registry of Participant Firms.

More Definitions of Participant Firm

Participant Firm means an entity that is authorized to access the MarketAxess SEF through the applicable user ID and is an ECP as defined in Section 1a(18) of the CEA. A Participant Firm may trade for its own Proprietary Account. In certain cases, a Participant Firm may trade for an account on behalf of its Customer. The term “Participant Firm” collectively refers to all Participants and Authorized Traders of a Participant Firm authorized to utilize the MarketAxess SEF.

Participant Firm means a person that is authorized under the Participant Documentation to have access to Eris Exchange (e.g., a customer of a Clearing Firm enters orders directly into the Exchange’s trade matching system for execution through the use of a user identification in the Participant Firm’s name). A Participant Firm may trade for its own proprietary account. In certain

Participant Firm means a person that is authorized under an Eris Exchange Participant Firm Agreement (the “Participant Firm Agreement”) to access Eris Exchange and is a person described in Section 1a(12)(A) of the CEA and/or a person described in Section 1a(12)(B) of the CEA. A Participant Firm may trade for its own proprietary account. In certain cases, a Participant Firm may trade for or an account on behalf of its Customer. A Participant Firm may also trade on behalf of a Customer with an account at a Clearing Firm other than the Participant Firm’s Clearing Firm acting as a broker or performing an equivalent agency function pursuant to Section 1a(12)(B) of the CEA. The Clearing Firm is responsible for approving Participant Firms for such Customers pursuant to Schedule 2 of the Eris Exchange Clearing Firm Agreement. The term “Participant Firm” collectively refers to all Participants and Authorized Traders of a Participant Firm authorized to utilize Eris Exchange.