Memberships

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.  The four categories of membership include various benefits.  All categories offer phased pre- and post-launch discounts.  Only Steering Memberships entitle the member to vote for a representative on the Advisory Board.  Upon determining the desired category of membership, applicants who are approved by the Exchange for membership may enter into a separate agreement to be classified as Designated Market Makers (“DMMs”) or Designated Market Facilitators (“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.

There are four membership types:

  1. Steering memberships (“SM”)

  2. Full memberships (”FM”)

  3. Instrument memberships (“IM”)

  4. 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

  • 50% discount on exchange fees and clearing fees

  • 100% discount on data fees

  • 100% discount on co-location setup fees (in Phase I)

  • Passthrough interest on cash balances

  • Limited risk on all positions to all participants

  • Steering privileges for “Steering Memberships”

  • Up to 50% fee-sharing for DMFs (i.e., designated FCMs)

  • 100% order flow to DMMs in RealLimit™ futures

  • Net margining for DMMs in RealLimit™ futures

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

Membership is REQUIRED for designated market makers, investment banks, and futures commission merchants with direct access.  Membership is OPTIONAL for institutional hedgers, asset managers, hedge funds, individuals, etc.

Membership Prices