Only Canadian registered dealers are eligible to become MATCH Now Subscribers, and can trade on MATCH Now as principal, or as agent for their retail and institutional clients. Orders may also be sent directly to MATCH Now by eligible clients of a Subscriber (Direct Access Clients). Third party networks and registered dealers that maintain their own proprietary market connections (collectively, Access Vendors) can connect to MATCH Now for the purpose of transmitting orders submitted by Subscribers and Direct Access Clients.
Subscribers must execute the TriAct Subscriber Agreement, which includes specification of the Access Vendors(s) through which the Subscriber will access MATCH Now; and authorization of each Direct Access Client.
Access Vendors must execute the TriAct Network Connectivity Agreement, which includes, among other things, confidentiality provisions restricting the use of MATCH Now liquidity information
Access Vendors establish FIX connectivity to MATCH Now to:
Direct Access Clients’ use of the MATCH Now system is subject to certain terms and conditions specified in the TriAct Subscriber Agreement.
Prior to granting clients direct access to MATCH Now, Subscribers must, among other things: