How to Become a Trading Institution
The process of becoming a Trading Institution on the NASD OTC Securities Exchange is easy and straightforward.Trading Institutions are required to forward duly completed Form 1a – Registering a Trading Institution and 1b - Registration an Authorized Trader and the necessary fees needed for the registration from the list NASD Registration Fees.
There are three categories of Trading Institutions on the platform
| Category | Trade on behalf of Clients | Trade on behalf of itself |
|---|---|---|
| Broker/Dealer | Yes | Yes |
| Broker | Yes | No |
Other relevant documentation includes:
• Trading Rules:
• Securities Admission:
Other relevant documents can be found here