Memberships

Updated 23 June 2021

Overview

RealBOT LLC, dba RealDemand Board of Trade (“RealBOT™” or the “Exchange”) a wholly owned subsidiary of Demand Derivatives Corp. (“DDC”), is offering memberships on the Exchange ("Membership").  The four categories of Membership include various benefits.  All categories offer phased pre- and post-launch discounts.  Only Full Memberships entitle the Member to vote for a representative on the Advisory Board.  Members may enter into a separate agreement to be classified as Designated Market Makers (“DMMs”) or Designated Market Facilitator (“DMFs”).  All other Members will be classified as Sponsored Market Participants (“SMPs”).  The three Membership classifications are outlined in the Membership Requirements section below. 

 

Names of approved Members may be used by DDC for marketing, public relations, capital-raising, and regulatory purposes.  All Membership details subject to CFTC approval.  Applicants shall agree to take no recourse against the Exchange in the event the application is rejected (except as provided in Section 8c of the Commodity Exchange Act), set forth all financial arrangements made in connection with the proposed purchase or transfer of the membership, and agree to abide by the applicable rules and regulations of the Exchange and all amendments thereto. 

There are three membership types:

  1. Full memberships (”FM”)

  2. Instrument memberships (“IM”)

  3. Asset-class memberships (“AM”)

Membership Application Form

Some PDF readers will not process forms correctly.  Open document in a PDF form reader such as Adobe Reader for best results)

Note:  form must be physically signed and notarized.  Electronic signatures not accepted.

  • Up to 90% discount on pre-launch membership fees

  • 100% discount on Level I and Level II data fees

  • Memberships may be leased or sold at any time (after launch)

  • Dues waived for three years if purchased prior to exchange launch

  • Pass-through interest on cash balances (subject to yearly Board approval)

  • Special Exchange Fee and Clearing Fee Discounts:

    • DMFs:  Up to 50% customer fee-sharing (not applicable for Member fees)

    • DMMs:  DMM1 = 100% discount on exchange fees and clearing fees; DMM2 = 50% discount

    • SMPs:  100% discount on fees for the first month of trading; 50% discount afterward

  • For DMMs Only:

    • Allowed to make two-sided markets

    • DMM1s are required to make continual markets; DMM2s are not so required

    • Privileged to receive the majority of order flow in RealLimit futures

    • Net Scenario Margining (all other Members and all customers are gross margined)

    • 100% discount on DMM co-location setup fees (prior to launch)

 

Note:  click on the "Benefits" link above for additional details.

Membership is REQUIRED for DMMs and DMFs.

Membership is OPTIONAL for SMPs

Discount Table  2020-06-23.jpg

Membership Prices