Traders on this Exchange are
necessarily required to be registered as brokers of record before being
granted access to the
Exchange
Platform. Getting registered, of course, is
permitted to non-natural legally organized entities such as corporation,
limited liability companies, and partnerships.
The procedure is that a broker makes
registration request to get identified as an Exchanger accessor but
that is a Technology broker. Subsequently the Technology broker then
applies for Authorization to be allowed to trade on the platforms
collective. The
Exchange repackages the information collected from the applicant in
course of the application into a Standard Exchange Application ( pdf) document and then sends it to the applicant as formal reply inviting
the broker to make a formal application by forwarding a fully-filled out
form giving details information about the entity submitting the
application. Upon receipt of the fully-filled out and signed
application, the documents are reviewed to be determined as accurate.
Following such determination of
accuracy, the technology Broker is invited to request for the
IP-Licence Exchange
and the number of
Trading-Pits required to
support custom trading operation. These devices are
generally hand delivered and installed on the site of the technology
Broker by a crew of the The Exchange, but after the broker pays for the
Trading Devices and attendant Software. The Trading Devices are then installed
together with the software, and
tested for use functionality by the Exchange installation crew. This service is
provided without regard to the location of the broker on the
Globe-Earth. After some testing by the installation crew and assessed as
fully functional as required, the broker system is brought on line by
integration with the actual Exchange using the data center operations of
the Exchange.
The payments of the Trading
Devices and the enabling Software are, of course, a one time procurement
payment; however, the Technology Brokerage still makes software support service costs
which is paid monthly
, quarterly or semiannually as per the preference of the brokerage.
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