General Information Regarding The Trading Permit Application Process
The Chicago Stock Exchange, Inc. (“CHX” or “Exchange”) is pleased to provide to interested parties this Application to obtain a CHX Trading Permit. The documentation is divided into two sections.
Section One: Participant Information and Instructions
The links below identify the various types of CHX applicants and lists the CHX requirements to obtain a Trading Permit. Contained on the documents are step-by-step instructions, which, when followed, should simplify and speed the application process.
General Information Regarding CHX Designated Examining Authority Services - updated 01-Jun-2015
Section Two: Forms
This Section contains all necessary forms. The form index in Section Two is cross-referenced to Section One to assist in identifying the required forms.
Forms Which Must be Completed by all Applicants:
Statement of Financial Condition - updated 01-Jun-2015
Balance Sheet Form - updated 01-Jun-2015
Designation of Recipient for Service of Notice of Commission Proceeding - updated 01-Jun-2015
Forms Necessary for Corporation Applicants:
Application Information Form for Corporate Applicants - updated 06-Apr-2016
Certified Copy of Corporate Resolution - updated 01-Jun-2015
Forms Necessary for Partnerships and Limited Liability Companies:
Application Information Form for Partnership and LLC Applicants - updated 06-Apr-2016
Forms Necessary for Sole Proprietorships:
Application Information Form for Sole Proprietor - updated 01-Jun-2015
Forms Necessary if CHX will be the Designated Examination Authority for Applicant:
Letter of Purpose and Intent Trading Participant Agreement - updated 01-Jun-2015
Forms Necessary if the Applicant will be a CHX Institutional Broker:
Sample Letter of Guarantee for CHX Institutional Brokers - updated 01-Jun-2015
Form Necessary if Applicant intends to be a Market Maker:
Market Maker Authorization Application Form - updated 01-Jun-2015
Completed applications and all required documentation should be submitted to the following address:
The Chicago Stock Exchange, Inc.
Participant Services Department
440 South LaSalle Street, Suite 800
Chicago, IL 60605-1070
The application review process at the CHX will begin when all required documentation is received. Failure to include all required documents or submission of incomplete documents can delay the approval process.
There are various examination requirements for CHX participants and registered persons of CHX participant firms. Examination requirements for Institutional Brokers, Market Maker Traders and associated persons are noted in Section One, Additional Requirements. Examination requirements for certain registered persons, securities traders and other associated persons of participant firms engaging in proprietary or agency trading are also noted in the Qualifications and Instructions for Participant Applications to the Chicago Stock Exchange, Inc. link in Section One above.
Thank you for your interest in the Chicago Stock Exchange, Inc. If you have questions about the Exchange or any of the Trading Permit requirements, please contact Kevin Curtin, Supervisor, Participant Services, at (312) 663-2252, or Michael Cardin, Director, Participant Services, at (312) 663-2204.